Page:United States Statutes at Large Volume 98 Part 1.djvu/1067

 PUBLIC LAW 98-369—JULY 18, 1984

98 STAT. 1019

(d) CLERICAL AMENDMENT.—The table of sections for part I of subchapter D of chapter 32 is amended by adding at the end thereof the following new item: "Sec. 4162. Definitions; treatment of certain resales." (e) EFFECTIVE DATE.—

26 USC 4162

(1) IN GENERAL.—Except as provided in paragraph (2), the note. amendments made by this section shall apply with respect to articles sold by the manufacturer, producer, or importer after September 30, 1984. (2) TREATMENT OF CERTAIN RESALES.—Subsection (c) of section 4162 of the Internal Revenue Code of 1954 (relating to treat- Ante, p. 1017. ment of certain resales), as added by this section, shall apply to sales by related persons (as defined in such subsection) after the date of the enactment of this Act. SEC. 1016. ESTABLISHMENT OF AQUATIC RESOURCES TRUST FUND. (a) GENERAL RULE.—Subchapter A of chapter 98 (relating to Trust

Fund Code) is amended by adding at the end thereof the following new section: "SEC. 9504. AQUATIC RESOURCES TRUST FUND. "(a) CREATION OF TRUST F U N D. —

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26 USC 9504.

"(1) IN GENERAL.—There is hereby established in the Treasury of the United States a trust fund to be known as the Aquatic Resources Trust Fund'. "(2) ACCOUNTS IN TRUST FUND.—The Aquatic Resources Trust Fund shall consist of— "(A) a Sport Fish Restoration Account, and "(B) a Boat Safety Account. Each such Account shall consist of such amounts as may be appropriated, credited, or paid to it as provided in this section, section 9503(c)(4), or section 9602(b). "(b) SPORT FISH RESTORATION ACCOUNT.— "(1) TRANSFER OF CERTAIN TAXES TO ACCOUNT.—There is

•); ' ' ' " • hereby appropriated to the Sport Fish Restoration Account amounts equivalent to the following amounts received in the Treasury on or after October 1, 1984— "(A) the taxes imposed by section 4161(a) (relating to Ante, p. 1017. sport fishing equipment), and "(B) the import duties imposed on fishing tackle under subpart B of part 5 of schedule 7 of the Tariff Schedules of • Jj' I the United States (19 U.S.C. 1202) and on yachts and pleasure craft under subpart D of part 6 of schedule 6 of such Schedules. "(2) EXPENDITURES FROM ACCOUNT.—Amounts in the Sport Fish Restoration Account shall be available, as provided by appropriation Acts, to carry out the purposes of the Act entitled A n Act to provide that the United States shall aid the States in fish restoration and management projects, and for other pur"'• ' • poses', approved August 9, 1950 (as in effect on June 1, 1984). "(c) EXPENDITURES FROM BOAT SAFETY ACCOUNT.—Amounts in the

Boat Safety Account shall be available, as provided by appropriation Acts, for making expenditures before April 1, 1989, to carry out the purposes of section 18106 of title 46, United States Code (as in effect 97 Stat. 596. on June 1, 1984). "(d) CROSS REFERENCE.—

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