§53735. Fisheries financing and capacity reduction — Inbound Citations

Citations to 46 U.S.C. § 53735 as a whole

• 16 U.S.C. § 1861a(b)(1)(C)

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  (C) is cost-effective and, in the instance of a program involving an industry fee system, prospectively capable of repaying any debt obligation incurred under section 53735 of title 46.
• 16 U.S.C. § 1861a(c)(1)(C)

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  (C) provided by an industry fee system established under subsection (d) and in accordance with section 53735 of title 46; or
• 16 U.S.C. § 1861a(c)(2)

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  (2) All funds for the program, including any fees established under subsection (d), shall be paid into the fishing capacity reduction fund established under section 53735 of title 46.
• 16 U.S.C. § 1861a(d)(2)

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  (2) Notwithstanding section 1854(d) of this title and consistent with an approved industry fee system, the Secretary is authorized to establish such a system to fund the program and repay debt obligations incurred pursuant to section 53735 of title 46. The fees for a program established under this section shall—

  (A) be determined by the Secretary and adjusted from time to time as the Secretary considers necessary to ensure the availability of sufficient funds to repay such debt obligations;

  (B) not exceed 5 percent of the ex-vessel value of all fish harvested from the fishery for which the program is established;

  (C) be deducted by the first ex-vessel fish purchaser from the proceeds otherwise payable to the seller and accounted for and forwarded by such fish purchasers to the Secretary in such manner as the Secretary may establish, unless the Secretary determines that such fees should be collected from the seller; and

  (D) be in effect only until such time as the debt obligation has been fully paid.