PUBLIC LAW 109–304—OCT. 6, 2006
120 STAT. 1603
‘‘(10) OBLIGOR.—The term ‘obligor’ means a party primarily liable for payment of the principal of or interest on an obligation. ‘‘(11) OCEAN THERMAL ENERGY CONVERSION FACILITY OR PLANTSHIP.—The term ‘ocean thermal energy conversion facility or plantship’ means an at-sea facility or vessel, whether mobile, floating unmoored, moored, or standing on the seabed, that uses temperature differences in ocean water to produce electricity or another form of energy capable of being used directly to perform work, and includes— ‘‘(A) equipment installed on the facility or vessel to use the electricity or other form of energy to produce, process, refine, or manufacture a product; ‘‘(B) a cable or pipeline used to deliver the electricity, freshwater, or product to shore; and ‘‘(C) other associated equipment and appurtenances of the facility or vessel to the extent they are located seaward of the high water mark. ‘‘(12) SECRETARY.—The term ‘Secretary’ means— ‘‘(A) the Secretary of Commerce with respect to fishing vessels and fishery facilities; and ‘‘(B) the Secretary of Transportation with respect to other vessels and general shipyard facilities (as defined in section 53733(a) of this title). ‘‘(13) VESSEL.—The term ‘vessel’ means any type of vessel, whether in existence or under construction, including— ‘‘(A) a cargo vessel; ‘‘(B) a passenger vessel; ‘‘(C) a combination cargo and passenger vessel; ‘‘(D) a tanker; ‘‘(E) a tug or towboat; ‘‘(F) a barge; ‘‘(G) a dredge; ‘‘(H) a floating drydock with a capacity of at least 35,000 lifting tons and a beam of at least 125 feet between the wing walls; ‘‘(I) an oceanographic research vessel; ‘‘(J) an instruction vessel; ‘‘(K) a pollution treatment, abatement, or control vessel; ‘‘(L) a fishing vessel whose ownership meets the citizenship requirements under section 50501 of this title for documenting vessels to operate in the coastwise trade; and ‘‘(M) an ocean thermal energy conversion facility or plantship that is or will be documented under the laws of the United States. ‘‘§ 53702. General authority ‘‘(a) IN GENERAL.—The Secretary, on terms the Secretary may prescribe, may guarantee or make a commitment to guarantee the payment of the principal of and interest on an obligation eligible to be guaranteed under this chapter. A guarantee or commitment to guarantee shall cover 100 percent of the principal and interest. ‘‘(b) DIRECT LOANS FOR FISHERIES.— ‘‘(1) IN GENERAL.—Notwithstanding any other provision of this chapter, any obligation involving a fishing vessel, fishery facility, aquaculture facility, individual fishing quota, or fishing
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