There is created a Fishermen's Protective Fund which shall be used by the Secretary
of State to reimburse owners of vessels for amounts determined and certified by him
under section 1973 of this title. The amount of any claim or portion thereof collected by the Secretary of State from
any foreign country pursuant to section 1975(a) of this title shall be deposited in the fund and shall be available for the purpose
of reimbursing vessel owners under section 1973 of this title; except that if a transfer to the fund was made pursuant to section 1975(b)(1) of this title with respect to any such claim, an amount from the fund equal to the
amount so collected shall be covered into the Treasury as miscellaneous receipts. There is authorized to be appropriated to the fund (1) the sum of $3,000,000 to
provide initial capital, and (2) such additional sums as may be necessary from time
to time to supplement the fund in order to meet the requirements of the fund.
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?
Response sent, thank you
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.