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Community Quota Entity (CQE)
State of Alaska > Commerce > Banking & Securities > CDQ   > Community Quota Entity (CQE)   > Background
 

Background
  • In April of 2002 the North Pacific Fishery Management Council (Council) passed a final motion recommending revisions to the existing IFQ program regulations and policy to explicitly allow a new group of non-profit entities to hold halibut and sablefish QS on behalf of residents of specific rural communities located adjacent to the Gulf of Alaska. The intent of the new program is to reverse the out-migration of IFQ quota share from rural, Gulf of Alaska coastal communities. The Council stated that "[a]llowing qualifying communities to purchase halibut and sablefish quota share for used by community residents will help minimize adverse economic impacts on these small, remote, coastal communities in Southeast and Southcentral Alaska, and help provide for the sustained participation of these communities in the halibut and sablefish IFQ fisheries."
  • The intent of the new program is to reverse the out-migration of quotas from rural Golf of Alaska communities.
  • The amendment modifies the existing IFQ program to allow eligible Gulf of Alaska communities to establish non-profit entities, Community Quota Entities (CQEs) to hold and lease halibut and sablefish quota share to local residents.
  • NMFS published the final rule implementing Amendment 66 to the Fishery Management Plan for Groundfish of the Gulf of Alaska on April 30, 2004.
  • The final rule will be effective June 1, 2004.
  • This amendment complies with the Magnuson-Stevens Act's national standard for fishery conservation and management (National Standard 8) that requires fishery management programs to "take into account the importance of fishery resources to fishing communities in order to (A) provide for the sustained participation of such communities, and (B) to the extent practicable, minimize adverse economic impacts on such communities." The Council's motion was considered as a community protection measure to address the impact of the IFQ program on the Fishery Management Plan for the Gulf of Alaska.

 


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