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AK SB29

AK SB29
Cook Inlet: New Admin Area;permit Buyback


summary

Introduced
01/22/2021
In Committee
03/10/2021
Crossed Over
Passed
Dead
05/18/2022

Introduced Session

32nd Legislature

Bill Summary

AN ACT ENTITLED "An Act relating to the powers of the Alaska Commercial Fisheries Entry Commission; relating to administrative areas for regulation of certain commercial set net entry permits; establishing a buy-back program for certain set net entry permits; providing for the termination of state set net tract leases under the buy-back program; closing certain water to commercial fishing; and providing for an effective date."

AI Summary

This bill establishes a new administrative area for the regulation of commercial set net entry permits in the east side of Cook Inlet. It allows the Alaska Commercial Fisheries Entry Commission to reassign existing Cook Inlet set net permits to the new administrative area and hold an election among eligible permit holders to determine whether to implement a buy-back program for these permits. The bill also outlines the process for the buy-back program, including the price offered for the permits, and provides for the termination of state leases and closure of affected waters to commercial fishing.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

Senate Finance Hearing (13:00 4/12/2022 Senate Finance 532) (on 04/12/2022)

bill text


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