§1177–1. Small fishing vessel construction reserves

In addition to any other vessel which may be deemed an "eligible vessel" and a "qualified vessel" under section 1177 of this Appendix, a commercial fishing vessel under five net tons but not under two net tons-

(1) which is constructed in the United States and, if reconstructed, is reconstructed in the United States;

(2) which is owned by a citizen of the United States;

(3) which has a home port in the United States; and

(4) which is operated in the commercial fisheries of the United States,

shall be considered to be an "eligible vessel" and a "qualified vessel" for the purposes of such section 1177 of this Appendix.

( Pub. L. 94–455, title VIII, §807, Oct. 4, 1976, 90 Stat. 1606 .)

Codification

Section was not enacted as part of the Merchant Marine Act, 1936, which comprises this chapter.