Page:United States Statutes at Large Volume 74.djvu/253

 74

PUBLIC LAW 86-516-JUNE 12, 1960

STAT.]

213

by reason of increased imports, either actual or relative, of a fish or shellfish product, not the subject of a trade agreement tariff concession, which is like or directly competitive with the fishery's product; or (3) a fishery found by the Secretary to be injured or threatened with injury by reason of increased imports, either actual or relative, of a fish or shellfish product that is provided for in the Free List of the Tariff Act of 1930, whether or not the subject of a trade agreement •*! ^^^' 5|o^ tariff concession. SEC. 5. The construction subsidy which the Secretary may pay with ti^n°a^^ umitSio^ respect to any fishing vessel under this Act shall be an amount equal to the difference, as determined by the Maritime Administrator, between the cost of constructing such vessel in a shipyard in the United States based upon the lowest responsible domestic bid for the construction of such vessel and the estimated cost, as determined by the Maritime Administrator, of constructing such vessel under similar plans and specifications in a foreign shipbuilding center which is determined by the Maritime Administrator to furnish a fair and representative example for the determination of the estimated total cost of constructing a vessel of the type proposed to be constructed, but in no event shall the subsidy exceed 331/3 per centum of the cost of constructing such vessel in a shipyard in the United States based upon the lowest responsible domestic bid excluding the cost of any features incorporated in the vessel for national defense uses, which shall be paid by the Department of Defense in addition to the subsidy. For the purposes of this section, the Maritime Administrator shall determine, and certify to the Secretary, the lowest responsible domestic bid. S ub m s s ion of SEC. 6. Any fishing vessel for which a construction subsidy is paid plans to iSecretary under this Act shall be constructed under the supervision of the Mari- oroefens'e time Administrator. The Maritime Administrator shall submit the plans and specifications for the proposed vessel to the Department of Defense for examination thereof and suggestions for such changes therein as may be deemed necessary or proper in order that such vessel shall be suitable for economical and speedy conversion into a naval or military auxiliary or otherwise suitable for the use of the United States Government in time of war or national emergency. If the Secretary of Defense approves such plans and specifications as submitted, or as modified, in accordance with the provisions of this subsection, he shall certify such approval to the Administrator. No construction subsidy shall be paid by the Secretary under this Act unless all contracts between the applicant for such subsidy and the shipbuilder who is to construct such vessel contain such provisions with respect to the construction of the vessel as the Maritime Administrator determines necessary to protect the interests of the United States. SEC. 7. All construction with respect to which a construction sub- ^„^ °,",*i,SVr,° "^ °* • ! •

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construction.

Sidy IS granted under this Act shall be performed in a shipyard m the United States as a result of competitive bidding, after due advertising, with the rights reserved in the applicant, and in the Maritime Administrator, to disapprove any or all bids. I n all such construction the shipbuilder, subcontractor, material men, and suppliers shall use, so far as practicable, only articles, materials, and supplies of the growth, production, and manufacture of the United States as defined in paragraph K of section 401 of the Tariff Act of 1930. No ship- ^e sta^. 7 0 ^ ^ 8. builder shall be deemed a responsible builder unless he possesses the experience, ability, financial resources, equipment, and other qualifications necessary properly to perform the proposed contract. The submitted bid shall be accompanied by all detailed estimates on which it is based, and the Maritime Administrator may require that the builder or an}^ subcontractor submit any other pertinent data relating to such bids.

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