562 



shall constitute a maritime lien against such vessel. 

 The obligations under this section shall run with the 

 title to the vessel. (Pub. L. 86-516, § 9. June 12, 

 1960. 74 Stat. 214; Pub. L. 88-498, § 2(6). Aug. 30. 

 1964. 78 Stat. 614; Pub. L. 91-279. § 5. June 12. 1970, 



84 Stat. 308.) 



Amendments 



1970 — Pub. L. 91-279, In amending first sentence, pro- 

 vide for "public" hearing and for transfer of vessels be- 

 cause of actual decline of the resource In the particular 

 fishery or fisheries In which vessel operates rather than 

 actual decline In the particular fishery for which vessel 

 was designed, because of changed market conditions or 

 combination of stated factors, and where Secretary deter- 

 mines that the transfer would enable the vessel to 

 operate In a newly developed fishery not yet utilized to 

 Its capacity by operators of efficient vessels. 



1964 — Pub L. 88-498 authorized the Secretary to ap- 

 prove the transfer of a vessel constructed with the aid of 

 a coVistructlon subsidy, whose operations have become 

 uneconomical or less econoihlcal because of an actual 

 decline In the partlciilar'fishery for which it was designed, 

 to another fishery' where he determines that such transfer 

 would not cause economic hardship or Injury to efficient 

 vessel operators already operating in that fishery, sub- 

 stituted provisions requiring repayment, if any fishing 

 vessel constructed with the aid of a subsidy is operated 

 during Its useful life contrary to the provisions of this 

 chapter or regulations, of an amount not more than the 

 total depreciated construction subsidy, for provisions 

 which required repayment, if any fishing vessel was 

 operating in any fishery other than the particular fishery 

 for which it was designed, of an amount which bears 

 the same proportion to the total construction subsidy 

 paid with respect to such vessel as the proportion that 

 the number of years during which such vessel was not 

 operated In the fishery for which It was designed bears 

 to the total useful life of such vessel, and inserted pro- 

 visions making such repayment a maritime lien against 

 the vessel. 



§1410. Rules and regulations. 



The Secretary shall make such rules and regula- 

 tions as may be necessary to carry out the purposes 

 of this chapter. (Pub. L. 86-516, § 10, June 12. 

 1960. 74 Stat. 214.) 



§1411. Definitions. 



As used in this chapter the terms — 



(1) "Secretary" means the Secretary of the 

 Interior. 



(2) "fishing vessel" means any vessel designed 

 to be used in catching fish, processing or trans- 

 porting fish loaded on the high seas, or any vessel 

 outfitted for such activity. 



(3) "citizen of the United States" includes a 

 corporation, partnership, or association if it is a 



citizen of the United States within the meaning 

 of section 802 of this title, and the amount of in- 

 terest required to be owned by a citizen of the 

 United States shall be at least 75 per centum, 



(4) "construction" includes designing, inspect- 

 ing, outfitting, and equipping. 



(5) "remodehng" includes the construction 

 through the conversion or reconditioning of any 

 vessel to a fishing vessel and through the rebuild- 

 ing of any existing fishing vessel, and 



(6) "Maritime Administrator" means the Mari- 

 time Administrator in the Department of Com- 

 merce. 



(Pub. L. 86-516, § 11, June 12, 1960. 74 Stat. 214; 

 Pub. L. 91-279. § 6. June 12. 1970, 84 Stat. 308.) 

 Amendments 



1970 — Par. (3). Pub. L 91-279. §6(a). Included In 

 definition of "citizen of the United States" provision that 

 the amount of interest required to be owned by a citizen 

 shall be at least 75 per centum. 



Par. (5). Pub L. 91-279, § 6(b|, added par. (5) . Former 

 par. (5) redesignated (6). 



Par._(6). Pub. L. 91-279, §6(b), redesignated former 

 par (5*) as 16). 



§ 1412. Authorization of appropriations. 



There is authorized to be appropriated for the 

 fiscal years 1970, 1971, and 1972, $20,000,000 per fiscal 

 year to carry out this chapter. Such sums are au- 

 thorized without fiscal year limitation. (Pub. L. 

 86-516. § 12, June 12, 1960, 74 Stat. 214; Pub. L. 

 88-498, §2(7), Aug. 30, 1964, 78 Stat. 614; Pub. L. 

 91-279. § 7, June 12, 1970, 84 Stat. 308.) 

 .Amendments 



1970 — Pub. L 91-279 substituted appropriations au- 

 thorization of $20,000,000 per fiscal year for fiscal years 

 1970, 1971, and 1972, for prior authorization of not more 

 than $10,000,000 annually and authorized such sums 

 without fiscal year limitation 



1964 — Pub L 88^98 substituted "$10,000,000" for 

 "$2,500,000." 



§ 1413. Termination date. 



No application for a subsidy for the construction 

 of a fishing vessel may be accepted by the Secretary 

 after June 30. 1972. (Pub. L. 86-516. § 13. June 12. 

 1960, 74 Stat. 214; Pub. L. 88-498. §2(8). Aug. 30. 

 1964. 78 Stat. 614. Pub. L. 91-279. § 8, June 12, 1970. 

 84 Stat. 309.) 



Amendments 



1970 — Pub L. 91-279 substituted "1972" for "1969". 



1964 — Pub. L 88-498 substituted "may be accepted by 

 the Secretary after June 30, 1969" for "may be accepted 

 by the Secretary after the day which Is three years after 

 June 12. 1960" 



3. Corporation as "Citizen' 



for Purposes of Operating U.S. Fishing 

 Vessels 



46 U.S.C. 883-1 



§883-1. Corporation as citizen; fisheries and trans- 

 portation of merchandise or passengers between 

 points in United States; parent and subsidiary 

 corporations; domestic-built vessels; certificate; 

 surrender of documents on change in status. 



Notwithstanding any other provision of law, a 

 corporation incorporated under the laws of the 

 United States or any State. Territory, District, or 



possession thereof, shall be deemed to be a citizen 

 of the United States for the purposes of and within 

 the meaning of that term as used in sections 316. 

 808. 835 and 883 of this title, and the laws relating 

 to the documentation of vessels, if it is established 

 by a certificate filed with the Secretary of the 

 Treasury as hereinafter provided, that — 



