81 FR 67295 - Fishing Capacity Reduction Program for the Pacific Coast Groundfish Fishery

DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric Administration

Federal Register Volume 81, Issue 190 (September 30, 2016)

NMFS issues this notice to inform interested parties that the California Pink Shrimp sub-loan in the Pacific Coast Groundfish Capacity Reduction (Buyback) Program has been repaid. Therefore, Buyback fee collections on California Pink Shrimp sub-loan will cease for all landings after August 31, 2016.

[Federal Register Volume 81, Number 190 (Friday, September 30, 2016)]
[Notices]
[Page 67295]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23709]


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DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration

RIN 0648-XE891


Fishing Capacity Reduction Program for the Pacific Coast 
Groundfish Fishery

AGENCY: National Marine Fisheries Service (NMFS), National Oceanic and 
Atmospheric Administration (NOAA), Commerce.

ACTION: Notice of sub-loan repayment.

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SUMMARY: NMFS issues this notice to inform interested parties that the 
California Pink Shrimp sub-loan in the Pacific Coast Groundfish 
Capacity Reduction (Buyback) Program has been repaid. Therefore, 
Buyback fee collections on California Pink Shrimp sub-loan will cease 
for all landings after August 31, 2016.

DATES: Comments must be submitted on or before 5 p.m. EST October 17, 
2016.

ADDRESSES: Send comments about this notice to Paul Marx, Chief, 
Financial Services Division, NMFS, Attn: California Pink Shrimp 
Buyback, 1315 East-West Highway, Silver Spring, MD 20910 (see FOR 
FURTHER INFORMATION CONTACT).

FOR FURTHER INFORMATION CONTACT: Michael A. Sturtevant at (301) 427-
8799 or [email protected].

SUPPLEMENTARY INFORMATION: On November 16, 2004, NMFS published a 
proposed rule in the Federal Register (69 FR 67100) proposing to 
implement an industry fee system for repaying the California Pink 
Shrimp Buyback sub-loan. The final rule was published July 13, 2005 (70 
FR 40225) and fee collection began on September 8, 2005. Interested 
persons should review these for further program details.
    The California Pink Shrimp Buyback sub-loan in the amount of 
$674,202.18 will be repaid in full upon receipt of buyback fees on 
landings through August 31, 2016. NMFS has received $1,182,214.57 to 
repay the principal and interest on this sub-loan since fee collection 
began September 8, 2005. Based on Buyback fees received to date, 
landings after August 31, 2016, will not be subject to the Buyback fee. 
Therefore, Buyback fees will no longer be collected in the California 
Pink Shrimp fishery on future landings.
    Buyback fees not yet forwarded to NMFS for California Pink Shrimp 
landings through August 31, 2016, should be forwarded to NMFS 
immediately. Any overpayment of Buyback fees submitted to NMFS will be 
refunded on a pro-rata basis to the fish buyers based upon best 
available fish ticket landings data. The fish buyers should return 
excess Buyback fees collected to the harvesters, including Buyback fees 
collected but not yet remitted to NMFS for landings after August 31, 
2016. Any discrepancies in fees owed and fees paid must be resolved 
immediately. After the sub-loan is closed, no further adjustments to 
fees paid and fees received can be made.

    Dated: September 26, 2016.
Brian T. Pawlak,
CFO/Director, Office of Management and Budget, National Marine 
Fisheries Service.
[FR Doc. 2016-23709 Filed 9-29-16; 8:45 am]
BILLING CODE 3510-22-P