Commercial Fisheries Development Act

[AI summary unavailable — showing source text] Commercial Fisheries Development Act - Title I: Commercial Fisheries Development Fund - Authorizes the Secretary of Commerce to make low-interest loans for fisheries facilities and fishing vessels to citizens of the United States. Authorizes the Secretary to make interest free loans as well as interest-bearing loans to commercial fishermen to alleviate forced economic distress. Authorizes the Secretary to make low-interest loans for experimental fishing equipment, and for the purchase, construction, or rehabilitation of certain commercial fishing vessels under five net tons. Specifies that there shall be in the National Oceanic and Atmospheric Administration an Associate Administrator for an Office of Commercial Fisheries Development. Establishes in the Treasury a Commercial Fisheries Development Fund to be used to make loans under this Act. Authorizes the appropriation of sums, not to exceed $200,000,000, to the Fund to provide initial capital for such loans, and sums, not to exceed $1,000,000 for each of the fiscal years ending in 1977, 1978, and 1979 as may be necessary to meet administrative expenses. Amends the Fish and Wildlife Act of 1956 to abolish the loan program for comm…