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.
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.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.