Page:United States Statutes at Large Volume 79.djvu/303

 79 STAT. ]

PUBLIC LAW 89-86-JULY 24, 1965

263

loans so made shall be deposited in the fund and be available for making additional loans under this section. The Secretary shall pay from the fund into the miscellaneous receipts of the Treasury, a t the close of each fiscal year, interest on the cumulative amount of appropriations available as capital to the fund from and after July 1, 1965, less the average undispersed cash balance in the fund during the year. The rate of such interest shall be determined by the Secretary of the Treasury, taking into consideration the average market yield during the month preceding each fiscal year on outstanding Treasury obligations of maturity comparable to the average maturity of loans made from the fund. Interest payments may be deferred with the approval of the Secretary of the Treasury, but any interest payments so deferred shall themselves bear interest. Any funds received in the fisheries loan fund after June 30, 1970, and any balance remaining therein at the close of June 30, 1970 (at which time the fund shall cease to exist), shall be covered into the Treasury as miscellaneous receipts. There is authorized to be appropriated to the fisheries loan fund the sum of $20,000,000 to provide initial capital." SEC. 5. The provisions of this Act shall be effective July 1, 1965. Effective date, funds, Notwithstanding the provisions of section 4(c) of the Fish and Wild- Remaining for life Act of 1956, as amended, any balance remaining in the fisheries availability loan fund at the close of June 30, 1965, shall be available to make loans loans. for the purposes of section 4 of said Act from July 1, 1965, to the close of June 30, 1970. Approved July 24, 1965. Public Law 89-86 AN ACT To amend sections 20a and 214 of the Interstate Commerce Act.

July 24, 1965 [H. R. 5 246]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That paragraph (^2) s^fedb'^"govern' of section 20a of the Interstate Commerce Act is amended by striking mental bodies, the period at the end and inserting in lieu thereof a colon and the exemption. following: ^Provided, That nothing in this-section is to be construed 49 USC 20a! as applying to securities issued or obligations or liabilities assumed by the United States or any instrumentality thereof, or by the District of Columbia or any instrumentality thereof, or by any State of the United States, or by any political subdivision or municipal corporation of any State, or by any instrumentality of one or more States, political subdivisions thereof, or municipal corporations.". 5 Stat. 1240. SEC. 2. Section 214 of the Interstate Commerce Act is amended by 492 USC 314. striking out the period at the end and inserting in lieu thereof a colon and the following: And provided fiwther, That the provisions of this section shall not apply to the United States or any instrumentality thereof, the District of Columbia, or any instrumentality thereof, any State of the United States or political subdivision or municipal corporation thereof, or any instrumentality of one or more States, political subdivisions thereof, or municipal corporations." Approved July 24, 1965.

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