Notice2022-11065
Fishing Capacity Reduction Program for the Southeast Alaska Purse Seine Salmon Fishery
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 24, 2022
Issuing agencies
Commerce DepartmentNational Oceanic and Atmospheric Administration
Abstract
NMFS issues this notice to inform the public that there will be an increase of the fee rate required to repay the reduction loan financing the Southeast Alaska Purse Seine Salmon Fishing Capacity reduction program. Effective June 1, 2022, NMFS is increasing the Loan B fee rate to 2.5 percent of landed value to ensure timely repayment of the loan. The fee rate for Loan A will remain unchanged at 1 percent of landed value. The increased fee rate is due to the decrease in projected value of the Southeast Alaska Purse Seine Salmon catch for 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 100 (Tuesday, May 24, 2022)</title>
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[Federal Register Volume 87, Number 100 (Tuesday, May 24, 2022)]
[Notices]
[Pages 31530-31531]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11065]
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DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric Administration
[RTID 0648-XC023]
Fishing Capacity Reduction Program for the Southeast Alaska Purse
Seine Salmon Fishery
AGENCY: National Marine Fisheries Service (NMFS), National Oceanic and
Atmospheric Administration, Commerce.
ACTION: Notice of fee rate adjustment change.
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SUMMARY: NMFS issues this notice to inform the public that there will
be an increase of the fee rate required to repay the reduction loan
financing the Southeast Alaska Purse Seine Salmon Fishing Capacity
reduction program. Effective June 1, 2022, NMFS is increasing the Loan
B fee rate to 2.5 percent of landed value to ensure timely repayment of
the loan. The fee rate for Loan A will remain unchanged at 1 percent of
landed value. The increased fee rate is due to the decrease in
projected value of the Southeast Alaska Purse Seine Salmon catch for
2022.
DATES: The Southeast Alaska Purse Seine Salmon Fishing Capacity loan
program fee rate increase will begin with landings on June 1, 2022. The
first due date for fee payments with the increased rate will be July
15, 2022.
ADDRESSES: Send questions about this notice to Michael A. Sturtevant,
Program Manager, Financial Services Division, National Marine Fisheries
Service, 1315 East-West Highway, Silver Spring, MD 20910-3282.
[[Page 31531]]
FOR FURTHER INFORMATION CONTACT: Michael A. Sturtevant, (301) 427-8782.
SUPPLEMENTARY INFORMATION:
Background
The Southeast Alaska Purse Seine Salmon Fishery is a commercial
fishery in Alaska State waters and adjacent Federal waters. It
encompasses the commercial taking of salmon with purse seine gear and
participation is limited to fishermen designated by the Alaska
Commercial Fisheries Entry Commission (CFEC).
The Fishing Capacity Reduction Program was established under the
Consolidations Act of 2005 (Section 209 of Title II of Division B of
Pub. L. 108-447). This Federal law was subsequently amended by Section
121 of Public Law 109-479 (the Magnuson-Stevens Reauthorization Act of
2006) codified at 16 U.S.C. 1801 et seq. The authority for the SRA to
conduct this program under Alaska law is AS 16.40.250.
Based on these Federal and state measures, the NMFS established
regulations in the Federal Register, (76 FR 61986; October 6, 2011), to
administer and implement the program.
The purpose of the program and this plan is to permanently reduce
the number of limited entry fishing permits issued by the Alaska
Commercial Fisheries Entry Commission (CFEC) for the Fishery thereby
promoting economic efficiency and improving the conservation and
management of the Fishery.
Congress authorized a $23.5 million dollar loan to finance a
fishing capacity reduction program in the Southeast Alaska Purse Seine
Salmon Fishery. NMFS published proposed program regulations on May 23,
2011 (76 FR 29707) and final program regulations on October 6, 2011 (76
FR 61986) to implement the reduction program.
In 2012, NMFS conducted a referendum to determine the remaining
fishermen's willingness to repay a $13.1 million fishing capacity
reduction loan to remove 64 permits. After a majority of permit holders
approved the loan, NMFS disbursed payments to the successful bidders
and began collecting fees to repay the loan. Since only $13.1 million
was expended from the total loan amount, $10.4 million in funds
remained available.
In 2018, the SRA informed NMFS that they wished to access the
remaining loan amounts to undertake a second buyback. To implement this
next buyback, the SRA, on behalf of the reduction fishery, was required
to draft and submit a reduction plan to NMFS. On June 21, 2018, the SRA
submitted a reduction plan to access $10.1 million of the remaining
$10.4 million in funds to remove 36 permits. NMFS approved the proposed
second fishing capacity reduction plan in November 2018.
NMFS published a notice of eligible voters on December 3, 2018 (83
FR 62302) informing the public of the permanent permit holders eligible
to vote in the referendum and informing the eligible voters of the
referendum voting period.
Purpose
The purpose of this notice is to announce the current fee rates for
the reduction fishery in accordance with the framework rule at 50 CFR
600.1013(b). Section 600.1013(b) directs NMFS to recalculate the fee to
a rate that will be reasonably necessary to ensure reduction loan
repayment within the specified 40-year term.
For the 2022 fishing season, the fee rate for both Loan A and Loan
B was one percent of the landed value and any subsequent bonus payment.
Loan A is currently 13 years ahead of the scheduled amortization and
will remain well ahead so we are leaving the rate at 1 percent of gross
value of salmon sold. Loan B is 1.5 years behind the scheduled
amortization and currently owes more than the original loan amount.
Beginning June 1, 2022, the Loan B fee rate will be increased from 1
percent to 2.5 percent of gross value of salmon sold and is projected
to be current at the end of the 2022 season.
Fish buyers may continue to use <a href="http://Pay.gov">Pay.gov</a> to disburse collected fee
deposits at: <a href="http://www.pay.gov/paygov/">http://www.pay.gov/paygov/</a> paygov/. Please visit the NOAA
Fisheries website for additional information at: <a href="https://www.fisheries.noaa.gov/alaska/funding-and-financial-services/southeast-alaska-purse-seine-salmon-fishery-buyback-program">https://www.fisheries.noaa.gov/alaska/funding-and-financial-services/southeast-alaska-purse-seine-salmon-fishery-buyback-program</a>.
Notice
The new fee rate for the Southeast Alaska Purse Seine Salmon
Fishery will begin on June 1, 2022.
From and after this date, all subsector members paying fees on the
Southeast Alaska Purse Seine Salmon Fishery shall begin paying program
fees at the revised rate.
Fee collection and submission shall follow previously established
methods in Sec. 600.1013 of the framework rule and in the final fee
rule published in the Federal Register on October 6, 2011 (76 FR
61985).
Authority: 16 U.S.C. 1861 et seq.; Pub. L. 108-447.
Dated: May 9, 2022.
Brian T. Pawlak,
Chief Financial Officer/Chief Administrative Officer, Director, Office
of Management and Budget, National Marine Fisheries Service.
[FR Doc. 2022-11065 Filed 5-23-22; 8:45 am]
BILLING CODE 3510-22-P
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