Page:United States Statutes at Large Volume 92 Part 1.djvu/739

 PUBLIC LAW 95-372—SEPT. 18, 1978

92 STAT. 685

AUTHORIZATION OF APPROPRIATIONS

SEC. 313. (a) There is authorized to be appropriated for the admin- 43 USC 1823. istration of this title $10,000,000 for the fiscal year ending September 30, 1979, $5,000,000 for the fiscal year ending September 30, 1980, and $5,000,000 for the fiscal year ending September 30, 1981. (b) There are also authorized to be appropriated to the Fund, from time to time, such amounts as may be necessary to carry out the purposes of the applicable provisions of this title, including the entering into contracts, any disbursements of funds, and the issurance of notes or other obligations pursuant to section 302(f) of this title. (c) Notwithstanding any other provision of this title, the authority to make contracts, to make disbursements, to issue notes or other obligations pursuant to section 302(f) of this title, to charge and collect fees pursuant to section 302(d) of this title, or to exercise any other spending authority shall be effective only to the extent provided, without fiscal year limitation, in appropriation Acts enacted after the date of enactment of this title. A N N U A L REPORT

SEC. 314. Within six months after the end of each fiscal year, the 43 USC 1824. Secretary shall submit to the Congress (1) a report on the administration of the Fund during such fiscal year, and (2) his recommendations for such legislative changes as he finds necessary or appropriate to improve the management of the Fund and the administration of the liability provisions of this title. EFFECTIVE DATES

SEC. 315. (a) This section, subsection (e) of section 304, subsection 43 USC 1811 (d) of section 305, and all provisions of this title authorizing the dele- note, gation of authority or the promulgation of regulations shall be effective on the date of enactment of this title. (b) All other provisions of this title, and rules and regulations promulgated pursuant to such provisions, shall be effective on the one hundred and eightieth day after the date of enactment of this title. TITLE IV—FISHERMEN'S CONTINGENCY FUND

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DEFINITIONS

SEC. 401. As used in this title, the term— 43 USC 1841. (1) "citizen of the United States" means any person who is a United States citizen by law, birth, or naturalization, any State, any agency of a State or a group of States, or any corporation, partnership, or association organized under the laws of any State which has as its president or other chief executive officer and as its chairman of the board of directors, or holder of a similar office, a person who is a United States citizen by law, birth, or naturalization, and which has at least 75 per centum of the interest of therein owned by citizens of the United States. Seventy-five per centum of the interest in the corporation shall not be deemed to be owned by citizens of the United States— (A) if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation in '-^'' '^'^^*favor of any person not a citizen of the United States; ' '*"

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