417 



shall be administered with due regard to the In- 

 herent right of every citizen and resident of the 

 United States to engage In fishing for his own pleas- 

 ure, enjoyment, and betterment, and with the Intent 

 of maintaining and Increasing the public opportuni- 

 ties for recreational use of our fish and wildlife re- 

 sources, and stimulating the development of a strong, 

 prosperous, and thriving fishery and fish processing 

 industry. (Aug. 8, 1956, ch. 1036, § 2, 70 Stat. 1119.) 



§ 742b. United States Fish and Wildlife Service. 



(a) Assistant Secretary for Fish and Wildlife. 



There Is established within the Department of the 

 Interior the position of Assistant Secretary for Fish 

 and Wildlife. Such Assistant Secretary shall be ap- 

 pointed by the President, by and with the advice and 

 consent of the Senate, and shall be compensated at 

 the same rate as other Assistant Secretaries. 



(b) Establishment; Director of United States Fish 

 and Wildlife Service; appointment; qualifications. 



There is established within the Department of the 

 Interior the United States Fish and Wildlife Service. 

 The functions of the United States Fish and Wildlife 

 Service shall be administered under the supervision 

 of the Director, who shall be subject to the super- 

 vision of the Assistant Secretary for Fish and Wild- 

 life. The Director of the United States Fish and 

 Wildlife Service shall be appointed by the President, 

 by and with the advice and consent of the Senate. 

 No individual may be appointed as the Director un- 

 less he Is, by reason of scientific education and 

 experience, knowledgeable in the principles of fish- 

 eries and wildlife management. 



(c) Succession to United States Fish and Wildlife 

 Service and Bureau of Sport Fisheries and Wild- 

 life. 



The United States Fish and Wildlife Service estab- 

 blished by subsection (b) of this section shall succeed 

 to and replace the United States Fish and Wildlife 

 Service (as constituted on June 30, 1974) and the 

 Bureau of Sport Fisheries and Wildlife (as consti- 

 tuted on such date). All laws and regulations In 

 effect on June 30, 1974, which relate to matters ad- 

 ministered by the Department of the Interior 

 through the United States Fish and Wildlife Serv- 

 ice (as constituted on such date) and the Bureau of 

 Sport Fisheries and Wildlife (as constituted on such 

 date) shall remain in effect. 



(d) Functions and responsibilities of Secretary of 

 Interior. 



All functions and responsibilities placed In the De- 

 partment of the Interior or any ofBcial thereof by 

 sections 742a to 742d and 742e to 742j of this title 

 shall be included among the functions and responsi- 

 bilities of the Secretary of the Interior, as the head 

 of the Department, and shall be carried out imder 

 his direction pursuant to such procedures or delega- 

 tions of authority as he may deem advisable and in 

 the public interest. (As amended Apr. 22. 1974, Pub. 

 L.93-271, §1,88 Stat. 92.) 



Amendments 



1974 — Subsec. (a). Pub. L. 93-271, §1(1), (2), struck 

 out provUlOiis relating to the establishment of the posi- 

 tion of and the appointment of the Commissioner of Pish 

 and Wlldl.fe. Provisions for the establishment of the 

 United States Pish and WUdllfe Service within the De- 

 partment of the Interior, consisting of the Bureau of 

 Commercial Plsherles and the Bureau of Sport Fisheries 

 and Wildlife, the appointment of a Director for each of 

 tlie Bureaus, and the succession of the United States 

 FUh and Wildlife Service to the Fish and WUdllfe Service 

 of the Department, were also struck out. 



Subsec. (b). Pub. L. 93-271, § 1(3), substituted provi- 

 sions for the establishment of the United States Pish and 

 Wildlife Service within the Department of the Interior, 

 for Its administration by a Director subject to the super- 

 vision of the Assistant Secretary for Pish and Wildlife, 

 the qualifications for and the appointment of the Di- 

 rector, for -irovislons relating to the administration of 

 the United States Fish and Wildlife Service by the Com- 

 missioner of Pish and Wildlife subject to the supervision 

 of the Assistant Secretary for Pish and Wildlife. 



Subsec. (c). Pub. L. 93-271, § 1(3). added subsec. (c). 

 Former subsec. (c) designated subsec. (d). 



Subsec. (d). Pub. L. 93-271, § 1 (3), redesignated former 

 subsec. (c) as (d). Former subsec. (d) relating to the 

 distribution of functions, powers, and duties of former 

 Fish and Wildlife Service was struck out. 



Subsec. (e). Pub. L. 93-271, § 1 (3), struck out subsec. 



(e) relating to the continuation of all laws, rules and 

 regulations administered by the former Pish and WUdllfe 

 Service. 



Subsec. (f). Pub. L. 93-271, 5 1(3), struck out subsec. 



(f) which provided for administrative authority 4n the 

 Secretary of the Interior to carry out the provisions of 

 sections 742a to 742d and 742e to 742 J of this title, and for 

 effective procedure for reorganization. 



§742c. Loans for financing or refinancing of cost of 

 purchasing, constructing, equipping, maintaining, 

 repairmg, or operating commercial fishing vessels 

 or gear. 



(a) Authorization. 



The Secretary of the Interior is authorized, under 

 such rules and regulations and under such terms and 

 conditions as he may prescribe, to make loans for 

 financing or refinancing of the cost of purchasing, 

 constructing, equipping, maintaining, repairing, or 

 operating new or used commercial fishing vessels or 

 gear. 



(b) Conditions. 



Any loans made under the provisions of this sec- 

 tion shaU be subject to the following restrictions: 



(1) Bear an Interest rate of not less than (a) a 

 rate determined by the Secretary of the Treasury, 

 taking into consideration the average market yield 

 on outstanding Treasury obllgaUons of compar- 

 able maturity, plus (b) such addiUonal charge, if 

 any, toward covering other costs of the program 

 as the Secretary may determine to be consistent 

 with its purpose. 



(2) Mature in not more than ten years, except 

 that where a loan is for aU or part of the costs of 

 constructing a new fishing vessel, such period may 

 be fourteen years. 



(3) No financial assistance shall be extended 

 pursuant to this section unless reasonable finan- 

 cial assistance applied for is not otherwise avaU- 

 able on reasonable terms. 



(4) Loans shall be approved only upon the fur- 

 nishing of such security or other reasonable as- 

 surance of repayment as the Secretary may require 

 considering the objectives of this section which are 



