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Merchant Marine Act and Magnuson-Stevens Act Provisions; Fishing Vessel, Fishing Facility and Individual Fishing Quota and Harvesting Rights Lending Program Regulations

catch-limit · Published 2018-05-25 · Effective 2018-06-25 · 83 FR 24228

Document

Document number
2018-11207
Federal Register citation
83 FR 24228
Type
Rule
Action
Final rule; response to comments.
Category
catch-limit
Publication date
2018-05-25
Effective date
2018-06-25
NOAA docket
Docket No. 170404355-8455-02

Abstract

NMFS' Fisheries Finance Program (FFP) provides long-term financing to the commercial fishing and aquaculture industries for fishing vessels, fisheries facilities, aquaculture facilities, and certain designated individual fishing quota (IFQ). Section 302 of the Coast Guard Authorization Act of 2015 included new authority to finance the purchase of harvesting rights in a fishery that is federally managed under a limited access system. Through this final rule, the FFP adds a new section to the existing FFP regulations to implement this statutory change. The net effect of this change to the regulations will be to provide additional authority for the program to lend, and providing FFP financing to additional fisheries while leaving the original IFQ authority to Fishery Management Councils to use as needed.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown