Page:United States Statutes at Large Volume 100 Part 5.djvu/246

 100 STAT. 3720

Regulations.

16 USC 4007.

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16 USC 4008.

PUBLIC LAW 99-659—NOV. 14, 1986

(1) within sixty days after its submission by the National Council, review the annual marketing and promotion plan and budget and, if the Secretary determines that such plan and budget are in accordance with the purposes and policies of this title, approve such plan and budget; (2) administer the Fund and, in accordance with subsection (b) of this section, withdraw from the Fund such sums as are necessary to carry out the National Council's approved marketing and promotion plan and budget; (3) promulgate regulations necessary to carry out the purposes and policies of this title; (4) provide such administrative assistance as the National Council may require for purposes of its initial organization and operation; and (5) make all appointments to the National Council within ninety days after the date of enactment of this Act. (b) WITHDRAWAL OF FUNDS.—The Secretary shall make withdrawals of sums from the Fund under this section at the request of the National Council, unless the Secretary determines that the purposes for which such sums are requested are not reasonably likely to further the purposes and policies of this title. SEC. 208. VOLUNTARY PAYMENTS.

Any person may m a k e voluntary payments to assist the National Council to carry out its annual marketing and promotion plan and annual budget. The Secretary shall deposit such payments into the Fund. SEC. 209. ESTABLISHMENT OF FISHERIES PROMOTIONAL FUND.

(a) ESTABLISHMENT OF THE FUND.—There is established in the Treasury of the United States a Fisheries Promotional Fund. The Fund shall be available, to the extent provided for in appropriation Acts, for the purpose of making payments to carry out the annual marketing and promotion plan and annual budget of the National Council under this title. (b) DEPOSITS.—There shall be deposited in the Fund— (1) the moneys transferred to the Fund under section 2(b)(2) of the Act of August 11, 1939 (commonly known as the SaltonstallKennedy Act; 15 U.S.C. 713c-3(b)); (2) payments made voluntarily pursuant to section 208 of this title; and (3) receipts from investments made under subsection (c) of this section. (c) DEPOSITS AND INVESTMENTS.—Sums in the Fund that are not currently needed for the purposes of the Fund shall be kept on deposit in appropriate interest-bearing accounts that shall be established by the Secretary of the Treasury, or invested in obligations of, or guaranteed by, the United States. Any revenue accruing from such deposits and investments shall be deposited in the Fund. (d) AUTHORIZATION.—There are authorized to be appropriated from the Fund, for the purposes of carrying out the annual marketing and promotion plan and annual budget of the National Council i'iC;'.=? under this title, such sums as are deposited in the Fund under subsection (b) of this section in each fiscal year beginning in fiscal year 1987 through fiscal year 1990. ,,........,.,....,.

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