§742k — Title 16 Conservation | U.S. Code

Summary

The Secretary of the Interior may manage or get rid of any vessel, plant, or other property the Department got because of fishery loans or related fishery activities. He can finish, fix up, run, lease, transfer, or sell those items on terms he thinks are best for the United States, even if other laws say otherwise. He may use the available funds for each case, including money from the fishery loan fund, to do this.

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.

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.

§742k Management and Disposition of Vessels and Other Property Acquired and Arising Out of Fishery Loans or Related Type of Activities

Summary

Title 16, §742k

Notes & Related Subsidiaries

Executive Documents

Transfer of Functions

Transfer of Functions

Citations & Metadata