Page:United States Statutes at Large Volume 102 Part 2.djvu/835

 PUBLIC LAW 100-448—SEPT. 28, 1988

102 STAT. 1839

waive this subsection in the interest of national security or economic efficiency. (2) LOCAL RESIDENT DEFINED.—As used in this subsection, the term "local resident" means a resident of a State described in paragraph (1), and any individual who commutes daily to a State described in paragraph (1). SEC. 6. BOAT SAFETY PROGRAM. (a) TRANSFERS TO AND flxPENDiruRES FROM BOAT SAFETY ACXX)UNT.— (1) TRANSFERS TO ACCOUNT.— (A) INCREASE IN MAXIMUM TRANSFER AND MAXIMUM

AMOUNT IN ACCOUNT.—Subclauses (I) and (II) of subsection 9503(c)(4)(A)(ii) of the Internal Revenue Code of 1986 (relating to limitations on transfers to and amounts in the Boat S^ety Account) are each amended by striking "for Fiscal Year 1987 only and $45,000,000 for each Fiscal Year thereafter" and inserting in lieu thereof "for each of fiscal years 1989 and 1990 and $70,000,000 for each fiscal year thereafter". (B) TECHNICAL AMENDMENT.—Subparagraph (E) of section

9503(c)(4) of the Internal Revenue Code of 1986 (relating to the amount of payments to the Aquatic Resources Trust Fund) is amended by striking the second sentence. (2) EbCTENSION OF EXPENDITURE AUTHORITY.—Subsection (c) o f

section 9504 of the Internal Revenue Ckxie of 1986 (relating to expenditures from the Boat Safety Account) is amended— (A) by striking "before April 1, 1989," and inserting "before April 1, 1994,"; and (B) by striking "(as in effect on June 1, 1984)" and inserting "(as in effect on October 1, 1988)". (3) CORRECTION OF CLERICAL ERRORS.—Subclauses (I) and (II) of

section 9503(c)(4)(A)(ii) of the Internal Revenue Code of 1986 are each amended— (A) by striking the quotation marks following "$60,000,000"; and (B) by striking the semicolon before the period. (b) BOATING SAFETY PROGRAMS.— (1) AUTHORIZATION OF CONTRACT SPENDING.— (A) STATE RECREATIONAL BOATING SAFETY PROGRAM ASSIST-

ANCE.—Subsection (a) of section 13106 of title 46, United States Code (relating to authorization of contract spending for recreational boating safety programs), is amended as follows: (i) The first sentence of subsection (a) is amended to read as follows: "(1) Subject to paragraph (2), the Secretary may expend in each fiscal year, subject to amounts as are provided in appropriations laws for liquidation of contract authority, an amount equal to % of the amount transferred for such fiscal year to the Boat Safety Account under section 9503(c)(4) of the Internal Revenue Code of 1986 (26 U.S.C. 9503(c)(4)).". (ii) The following is added at the end of subsection (a): "(2) The Secretary shall use not less than one percent and not more than two percent of the amount appropriated each fiscal year for State recreational boating safety programs under this chapter to

26 USC 9503.

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