Fishing Capacity Reduction Program for the Southeast Alaska Purse Seine Salmon Fishery
NOAA Fisheries issues this notice to inform persons of their eligibility to vote and the voting period for the proposed second fishing capacity reduction program loan in the Southeast Alaska Purse Seine Salmon Fishery. This notice informs the public of the permanent permit holders eligible to vote in the referendum. The referendum, if approved, will result in a loan of $10.1 million and permanently retire an additional 36 permits from the fishery.
In 2011, NOAA Fisheries established regulations to implement a fishing capacity reduction program and an industry fee system to repay a $23,476,500 loan for the Southeast Alaska Purse Seine Salmon Fishery. The fee system involved future landings of the Reduction Fishery. This action's intent was to permanently reduce the most fishing capacity at the least cost and establish the fee system.