87th Congress, S. 880 An Act To amend section 216 of the Merchant Marine Act, 1936, as amended, to authorize the Secretary of Commerce to accept gifts and bequests of personal property for the United States Merchant Marine Academy. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 216 of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1126), is amended by inserting at the end thereof a new subsection (g) to read as follows: "(g) (1) The Secretary of Commerce may accept, hold, administer, and spend gifts and bequests of personal property made on the condition that it be used for the benefit of, or for use in connection with, the United States Merchant Marine Academy. Gifts and bequests of money and the proceeds from the sales of property received as gifts shall be deposited in the Treasury in the fund called 'United States Merchant Marine Academy general gift fund'. The Secretary may disburse funds deposited under this subsection for the benefit or use of the Merchant Marine Academy subject to the terms of the gift or bequest. If a gift is made for a specific purpose and that purpose is accomplished without exhausting the entire amount of the gift, then unless the donor has manifested a different intention, the Secretary may disburse the residue of the gift for a purpose that in the judgment of the Secretary, or his delegate, is as close as practical to the specific purpose for which the gift was made. "(2) For the purpose of Federal income, estate, and gift taxes, property that is accepted under this subsection is considered as a gift or bequest to or for the use of the United States. U. S. Merchant Marine Academy. Gifts and bequests of personal property. 53 Stat. 1182; Ante, p. 212. 75 STAT. 480. "(3) Upon the request of the Secretary of Commerce, the Secretary 75 STAT. 481. of the Treasury may invest, reinvest, or retain investments of money or securities comprising any part of the United States Merchant Marine Academy general gift fund in securities of the United States or in securities guaranteed as to principal and interest by the United States. The interest and benefits accruing from those securities shall be deposited to the credit of the United States Merchant Marine Academy general gift fund, and may be disbursed as provided in this subsection." Approved September 6, 1961. (899) 87th Congress, S. 513 An Act 75 STAT. 492. To authorize and direct the Secretary of the Treasury to cause the vessel Acadia, owned by Robert J. Davis of Port Clyde, Maine, to be documented as a vessel of the United States with coastwise privileges. 73 Stat. 597. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, not withstand- Acadia. ing the provisions of section 4132 of the Revised Statutes of the United Coastwise States, as amended (46 U.S.C. 11), the Secretary of the Treasury shall privileges. cause the vessel Acadia, owned by Robert J. Davis of Port Clyde, Maine, to be documented as a vessel of the United States, upon compliance with the usual requirements, with the privilege of engaging in the coast wise trade so long as such vessel is owned by a citizen of the United States. Approved September 13, 1961. (900) 87th Congress, H. R. 206 An Act 75 STAT. 493. To facilitate administration of the fishery loan fund established by section 4 of the Fish and Wildlife Act of 1956, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, for the purpose of facilitating administration of, and protecting the interest of the Government in, the fishery loan fund established by section 4 of the Fish and Wildlife Act of 1956 and any related type of activities relating to fisheries for which the Department of the Interior is now or may hereafter be responsible, the Secretary of the Interior, notwithstanding any other provision of law, may hereafter administer, complete, recondition, reconstruct, renovate, repair, maintain, operate, charter, assign, or sell upon such terms and conditions as he may deem most advantageous to the United States, any vessel, plant, or other property acquired by him on behalf of the United States and arising out of any fishery loan or any related type of activity by the Secretary of the Interior. The Secretary may use any of the applicable funds in each particular instance for the aforesaid purposes. Approved September 13, 1961. 87th Congress, H. R. 3159 An Act 75 STAT. 493. To permit certain foreign-flag vessels to land their catches of fish in the Virgin Be it enacted by the Senate and Ilouse of Representatives of the United States of America in Congress assembled, That section 4311 Foreign-flag of the Revised Statutes, as amended (46 U.S.C., sec. 251), is further fishing vessels. amended by designating the present section as subsection (a) and Virgin Islands. by adding the following new subsections: "(b) Subsection (a) of this section shall not be deemed to prohibit the landing by a foreign-flag vessel of not more than fifty feet overall length in a port of the Virgin Islands of the United States for immediate consumption in such islands of its catch of fresh fish, whole or with the heads, viscera, or fins removed, but not frozen, otherwise processed, or further advanced. No fish landed under this authorization shall be sold or transferred except for immediate consumption. Sale or transfer to an agent, representative, or employee of a freezer or cannery shall be deemed to be prohibited in the absence of satisfactory evidence that such sale or transfer is for immediate consump tion. For the purposes of this subsection, the term 'immediate con- "Immediate consumption' shall not preclude the freezing, smoking, or other processing sumption." of such fresh fish by the ultimate consumer thereof. "(c) Any fish landed in the Virgin Islands of the United States Forfeiture and which are retained, sold, or transferred other than as authorized in penalties. subsection (b) of this section shall be liable to forfeiture and any person or persons retaining, selling, transferring, purchasing, or receiving such fish shall severally be liable to a penalty of $1,000 for each offense, in addition to any other penalty provided in law." SEC. 2. Any fine, penalty, or forfeiture incurred under the provisions of this Act shall be subject to remission or mitigation in accordance with section 5294 of the Revised Statutes, as amended (46 U.S.C. 7). 29 Stat. 39. SEC. 3. The Secretary of the Treasury may issue such regulations as Regulations. he deems necessary for the enforcement of the provisions of this Act. Approved September 13, 1961. 87th Congress, H. R. 2457 An Act 75 STAT. 494. To amend title V of the Merchant Marine Act, 1936, in order to clarify the construction subsidy provisions with respect to reconstruction, reconditioning and conversion, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 2 of Vessels. the Act of July 7, 1960 (Public Law 86-607, 74 Stat. 362), is amended Construction to read as follows: subsidies. "The amendment made by this Act shall be effective only with 46 USC 1152 note. respect to any contract entered into not later than two years after the date of enactment of this Act under the provisions of section 502 of the Merchant Marine Act, 1936, with respect to (a) the construction 49 Stat. 1996. of a vessel the keel of which was laid, or (b) the reconstruction or 46 USC 1152. reconditioning of a vessel the shipyard contract for which was entered into after June 30, 1959, and the Federal Maritime Board may, with the consent of the parties thereto, modify any such contract entered into prior to the date of enactment of the first amendment to Public Law 86-607 (74 Stat. 362), to the extent authorized by the amendment made by this Act, as amended." Approved September 13, 1961. |