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Program
Requirements Summary
- Eligibility for
leasing of IFQ resulting from community owned QS shall be limited to
residents of the eligible community.
- Communities must
submit an application to NMFS and describe how their use of quota share
will comply with program guidelines. The applications must maximize
benefit from use of community IFQ for crew members that are community
residents, insure that benefits are equitably distributed throughout
the community, and insure that quota share allocated to an eligible
community entity will not be held and unfished.
- A detailed statement
of eligibility must be submitted to NMFS including a certificate of
incorporation, verification as a qualified entity, documentation demonstrating
accountability to the community, and an explanation of how community
entity intends to implement performance criteria.
- A detailed Annual
Report must be submitted to NMFS including a summary of business, employment,
and fishing activities under the program, a discussion of corporate
structure of entity, specific step taken to meet the performance standards,
and a discussion of known impact to resources in the area.
- Communities
represented by CQE's cumulatively would be limited to holding a maximum
of 3% of the total halibut and sablefish QS in each area in area
for the first
seven years of program, with a 21% total by area.
- Restrictions would
apply to QS transfer by CQE outside the program to ensure the goals
of program are met.
- Communities participating
in this program must adhere to performance standards established by
NMFS in regulation.
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