
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC3331]

 
                         TITLE 16--CONSERVATION
 
      CHAPTER 52--SALMON AND STEELHEAD CONSERVATION AND ENHANCEMENT
 
           SUBCHAPTER IV--COMMERCIAL FISHING FLEET ADJUSTMENT
 
Sec. 3331. Fleet adjustment program


(a) In general

    The Secretary of Commerce (hereinafter referred to in this 
subchapter as the ``Secretary''), upon approval of a program submitted 
pursuant to section 3333 of this title, is authorized to distribute 
Federal funds to the State of Washington (hereinafter in this subchapter 
referred to as the ``State''), subject to the standards, conditions, and 
restrictions set forth in this subchapter, for the purchase of 
commercial fishing and charter vessels (including the associated fishing 
gear) and licenses by the State in accordance with the provisions of 
this subchapter. The Federal share payable under this subchapter shall 
not exceed 75 percent of the total cost of the program.

(b) Legal title

    Title to any vessel or other personal property purchased under a 
State program approved by the Secretary in accordance with the 
provisions of this subchapter shall vest upon purchase in the State. If 
the State sells such vessels or other property, title may pass in 
accordance with such sale.

(Pub. L. 96-561, title I, Sec. 130, Dec. 22, 1980, 94 Stat. 3283.)
