🐟Clarification on Cost Recovery for Alaska Fisheries Regulations
Fisheries of the Exclusive Economic Zone Off Alaska; Amendment 122 to the Fishery Management Plan for Groundfish of the Bering Sea and Aleutian Islands Management Area; Pacific Cod Trawl Cooperative Program; Correction
Summary
NMFS is clarifying the cost recovery process timing from the final rule implementing amendment 122 to the Fishery Management Plan (FMP) for Groundfish of the Bering Sea and Aleutian Islands Management Area (BSAI). Amendment 122 established the Pacific Cod Trawl Cooperative Program (PCTC Program or Program) to allocate Pacific cod harvest quota to qualifying groundfish License Limitation Program (LLP) license holders and qualifying processors. In this correction, NMFS is clarifying the timing of the cost recovery fee schedule for the existing cost recovery requirements for participants. NMFS is also correcting an out-of-date cross reference.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$$ - High
The regulation clarifies the cost recovery process for the Pacific Cod Trawl Cooperative Program, impacting financial responsibilities for cooperatives. They must adhere to deadlines for fee payments, affecting cash flow and compliance. Non-payment consequences are outlined, indicating significant regulatory compliance requirements.