# Capital Construction Fund; Interim Fishing Vessel Capital Construction Fund Procedures
> **US Department of Commerce** · Final rule. · Published 1997-01-03 · Effective 1997-02-03 · 62 FR 330
## Document
- **Document number:** 96-33386
- **Category:** other
- **Sub-agency:** US Department of Commerce
- **Federal Register citation:** 62 FR 330
- **CFR reference:** 50 CFR 259
- **Publication date:** 1997-01-03
- **Effective date:** 1997-02-03
- **Commerce docket:** Docket No.961122326-6326-01
## Abstract

NMFS issues this final rule to allow fishermen to use the Fishing Vessel Capital Construction Fund Program (Program) for equipping and/or modifying their fishing vessels to increase general vessel safety and/or to comply with specific requirements established under the Commercial Fishing Industry Vessel Safety Act of 1988 and/or other laws or regulations that materially increase the safety of a fishing vessel. The result is that a vessel equipment acquisition or vessel modification, which materially increases the safety of a qualified vessel, will be treated as a reconstruction and exempted from certain Program rules so that payment for it becomes a qualified withdrawal.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/01/03/96-33386/capital-construction-fund-interim-fishing-vessel-capital-construction-fund-procedures)
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