Us Code § 2807 - Capital requirements for aquaculture
Full text of Us Code United States Code § 2807 — Capital requirements for aquaculture, with citation guidance and answers to common questions.
§ 2807. Capital requirements for aquaculture
(a) Capital requirements study
The Secretaries, through the coordinating group, shall conduct within twelve months after September 26, 1980, a study of the capital requirements of the United States aquaculture industry. The study shall—
(1) document and analyze any capital constraints that affect the development of aquaculture in the United States; and
(2) evaluate the role that appropriate Federal financial assistance does or could play in filling gaps in the normal credit market with respect to aquaculture.
The study will identify the capital needs of the United States aquaculture industry, with emphasis on the needs that are not being filled either in normal credit channels or through government programs for direct loans, loan guarantees, disaster loans, and insurance. Upon its completion, the Secretaries shall submit the results of the study to Congress.
(b) Capital requirements plan
Based on the results of the Capital Requirements Study conducted under subsection (a), and within six months of the completion of the study, the Secretaries shall formulate a plan for acting on the study's findings. The plan shall include: (1) those Federal actions, if any, found to be necessary to meet financial needs unmet through normal credit channels and existing Federal programs; and (2) recommendations, if any, for legislative actions. Upon completion, the plan shall be submitted to Congress.
(Pub. L. 96–362, §8, Sept. 26, 1980, 94 Stat. 1204.)
About This Section
16 U.S.C. § 2807 is part of Title 16 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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