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24th Alaska State Legislature
The Alaska State Legislature
Alaska State House Representative Bill Williams
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Session:
State Capitol, Room 511
Juneau, AK 99801-1182
Phone: (907) 465-3424
Fax: (907) 465-3793
Toll Free: (800) 303-2455


Interim:
50 Front St. Suite 203
Ketchikan, AK 99901
Phone: (907) 247-4672
Fax: (907) 225-8546


Entry Permit Buy-Back Program
Sponsor Statement for HB 410
Alaska State Legislature
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Last Updated:
February 9, 2004
Tim Barry
Legislative Aide
465-3424 (Jan-May)
247-4672 (Jun-Dec)




"HB 410 will make the administration of a buy-back program more workable."
- Rep. Williams

 

"An Act relating to the administration of commercial fishing entry permit buy-back programs."

House Bill 410 modifies existing law governing buy-back programs. It would allow the Commercial Fisheries Entry Commission to "front fund" a buy-back program if an appropriation were received. The commission would then continue to collect funds through the designated rate of assessment in the buy-back program to "pay back" the indebtedness.

When the optimum number of permits is reached in a buy-back and the reasonable costs of the program have been met, the Commission will terminate the assessment in the affected fishery. HB 410 will make the administration of a buy-back program more workable.

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