80 FR 28608 - Fishing Capacity Reduction Program for the Southeast Alaska Purse Seine Salmon Fishery

DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric Administration

Federal Register Volume 80, Issue 96 (May 19, 2015)

NMFS issues this notice to decrease the fee rate to repay the $13,133,030 reduction loan for the fishing capacity reduction program in the Southeast Alaska purse seine salmon fishery.

[Federal Register Volume 80, Number 96 (Tuesday, May 19, 2015)]
[Notices]
[Pages 28608-28609]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-12092]


-----------------------------------------------------------------------

DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration

RIN 0648-XD943


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.

-----------------------------------------------------------------------

SUMMARY: NMFS issues this notice to decrease the fee rate to repay the 
$13,133,030 reduction loan for the fishing capacity reduction program 
in the Southeast Alaska purse seine salmon fishery.

DATES: The fee rate decrease is effective June 1, 2015.

ADDRESSES: Send questions about this notice to Paul Marx, Chief, 
Financial Services Division, National Marine Fisheries Service, 1315 
East-West Highway, Silver Spring, MD 20910-3282.

FOR FURTHER INFORMATION CONTACT: Paul Marx, (301) 427-8771.

SUPPLEMENTARY INFORMATION: 

I. Background

    NMFS' authority to make the loan resides in sections 1111 and 1112 
of the Merchant Marine Act, 1936 (46 App. U.S.C. 1279(f) and 
1279(g)(MMA)(title XI)).
    The Program was authorized in the Consolidated Appropriations Act 
of 2005 (Section 209 of Title II of Division B of Pub. L. 108-447) and 
waives all of the fishing capacity reduction program requirements of 
the Magnuson-Stevens Act (Sections 312(b)-(e)) codified at 16 U.S.C. 
1801 et seq. except for Sections (b)(1)(C) and (d) which state: (1) It 
must be cost-effective; and (2) it is subject to a referendum approved 
by a majority of permit holders.
    NMFS published proposed program regulations on May 23, 2011 (76 FR 
29707), and final program regulations on October 6, 2011 (76 FR 61985), 
to implement the reduction program. Subsequently, the Southeast 
Revitalization Association submitted a capacity reduction plan to NMFS. 
NMFS approved the plan on February 24, 2012. NMFS published the list of 
eligible voters on March 1, 2012 (77 FR 12568) and the notice of 
referendum period on March 29, 2012 (77 FR 19004). Interested persons 
should review these for further program details.
    NMFS conducted a referendum where the majority of permit holders 
voted to repay a fishing capacity reduction loan to purchase the 
permits identified in the reduction plan.
    On May 7, 2012, NMFS published another Federal Register document 
(77 FR 26744) advising the public that NMFS would tender the program's 
reduction payments to the 64 selected bidders who would permanently 
stop fishing with the permits they had relinquished in return for 
reduction payments. Subsequently, NMFS disbursed $13,133,030 in 
reduction payments to the 64 selected bidders.
    NMFS published a Federal Register notice on July 16, 2012 (77 FR 
41754) informing the public that fee collection would begin on July 22, 
2012. Since then all harvesters of Southeast Alaska purse seine salmon 
must pay the fee and all fish buyers of Southeast Alaska purse seine 
salmon must collect the fee in accordance with the applicable 
regulations.
    NMFS published a notice in the Federal Register on June 5, 2013 (78 
FR 33810) to decrease the fee rate from 3.0% of landed value and any 
subsequent bonus payments to 1.5%, effective June 1, 2013.

II. Purpose

    The purpose of this notice is to adjust the fee rate for the 
reduction fishery in

[[Page 28609]]

accordance with the framework rule's Sec.  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.
    The initial fee applicable to the Southeast Alaska purse seine 
salmon program's reduction fishery was 3.0% of landed value and any 
subsequent bonus payments, which was decreased in June 2013 to 1.5%. 
NMFS has determined this fee rate is more than is needed to service the 
loan. Therefore, NMFS is decreasing the fee rate to 1.0% of landed 
value and any subsequent bonus payments which NMFS has determined is 
sufficient to ensure timely loan repayment. Fish buyers may continue to 
use Pay.gov to disburse collected fee deposits at: http://www.pay.gov/paygov/. Please visit the NMFS Web site for additional information at: 
http://www.nmfs.noaa.gov/mb/financial_services/buyback.htm.

III. Notice

    The new fee rate for the Southeast Alaska purse seine salmon 
fishery is effective June 1, 2015.
    Fish sellers and fish buyers must pay and collect the fee in the 
manner set out in 50 CFR 600.1107 and the framework rule. Consequently, 
all harvesters and fish buyers should read subpart L to 50 CFR 600.1013 
to understand how fish harvesters must pay and fish buyers must collect 
the fee.

    Dated: May 14, 2015.
Basil Brown,
Acting Director, Office of Management and Budget, National Marine 
Fisheries Service.
[FR Doc. 2015-12092 Filed 5-18-15; 8:45 am]
 BILLING CODE 3510-22-P