An Act to amend sections 20a and 214 of the Interstate Commerce Act
PL 89-86 (H.R.5246), enacted 07/24/1965

79 STAT. ] 
PUBLIC LAW 89-86-JULY 24, 1965 
263 
loans so made shall be deposited in the fund and be available for 
making additional loans under this section. The Secretary shall pay 
from the fund into the miscellaneous receipts of the Treasury, at 
the close of each fiscal year, interest on the cumulative amount of 
appropriations available as capital to the fund from and after July 1, 
1965, less the average undispersed cash balance in the fund during the 
year. The rate of such interest shall be determined by the Secretary 
of the Treasury, taking into consideration the average market yield 
during the month preceding each fiscal year on outstanding Treasury 
obligations of maturity comparable to the average maturity of loans 
made from the fund. 
Interest payments may be deferred with the 
approval of the Secretary of the Treasury, but any interest payments 
so deferred shall themselves bear interest. Any funds received in the 
fisheries loan fund after June 30, 1970, and any balance remaining 
therein at the close of June 30, 1970 (at which time the fund shall 
cease to exist), shall be covered into the Treasury as miscellaneous 
receipts. There is authorized to be appropriated to the fisheries loan 
fund the sum of $20,000,000 to provide initial capital." 
SEC. 5. The provisions of this Act shall be effective July 1, 1965. 
Notwithstanding the provisions of section 4(c) of the Fish and Wild-
life Act of 1956, as amended, any balance remaining in the fisheries 
loan fund at the close of June 30,1965, shall be available to make loans 
for the purposes of section 4 of said Act from July 1,1965, to the close 
of June 30,1970. 
Approved July 24, 1965. 
Effective 
Remaining 
availability 
loans. 
date, 
funds, 
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Public Law 89-86 
AN ACT 
To amend sections 20a and 214 of the Interstate Commerce Act. 
July 24, 1965 
[H. R. 5 246] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That paragraph (^2) s^fed''b'^"govem' 
of section 20a of the Interstate Commerce Act is amended by striking mental bodies, 
the period at the end and inserting in lieu thereof a colon and the exemption. 
following: ^''Provided, That nothing in this-section is to be construed 
49 use 20a! 
as applying to securities issued or obligations or liabilities assumed 
by the United States or any instrumentality thereof, or by the District 
of Columbia or any instrumentality thereof, or by any State of the 
United States, or by any political subdivision or municipal corporation 
of any State, or by any instrumentality of one or more States, political 
subdivisions thereof, or municipal corporations.". 
SEC. 2. Section 214 of the Interstate Commerce Act is amended by 
striking out the period at the end and inserting in lieu thereof a colon 
and the following: ^^And provided fiwther, That the provisions of this 
section shall not apply to the United States or any instrumentality 
thereof, the District of Columbia, or any instrumentality thereof, 
any State of the United States or political subdivision or municipal 
corporation thereof, or any instrumentality of one or more States, 
political subdivisions thereof, or municipal corporations." 
Approved July 24, 1965. 
5 2 Stat. 1240. 
49 u s e 314.