Title 16, ConservationRelease 119-102
§742k Management and Disposition of Vessels and Other Property Acquired and Arising Out of Fishery Loans or Related Type of Activities
Title 16 › CHAPTER 9 — FISH AND WILDLIFE SERVICE › § 742k
Summary
The Secretary of the Interior can manage any boat, plant, or other property the Department got through fishery loans or related fishery activities. He can fix, finish, rebuild, run, lease, transfer, or sell those items on whatever terms he thinks are best for the United States, and he may use the appropriate funds to do this.
Full Legal Text
Title 16, §742k
Conservation, Source: USLM XML via OLRC
For the purpose of facilitating administration of, and protecting the interest of the Government in, the fishery loan fund established by section 742c of this title and any related type of activities relating to fisheries for which the Department of the Interior is now or may hereafter be responsible, the Secretary of the Interior, notwithstanding any other provisions of law, may hereafter administer, complete, recondition, reconstruct, renovate, repair, maintain, operate, charter, assign, or sell upon such terms and conditions as he may deem most advantageous to the United States, any vessel, plant, or other property acquired by him on behalf of the United States and arising out of any fishery loan or any related type of activity by the Secretary of the Interior. The Secretary may use any of the applicable funds in each particular instance for the aforesaid purposes.
Legislative History
Notes & Related Subsidiaries
Executive Documents
Transfer of Functions
to Secretary of Commerce from Secretary of the Interior by Reorg. Plan No. 4 of 1970, eff. Oct. 3, 1970, 35 F.R. 15627, 84 Stat. 2090, see
Transfer of Functions
note set out under section 742b of this title.
Reference
Citations & Metadata
Citation
16 U.S.C. § 742k
Title 16, Conservation
Last Updated
Aug 21, 2026
Release point: 119-102