Amendment 90 to the Fishery Management Plan for Groundfish of the BSAI and Amendment 78 to the Fishery

Amendment 78Fishery Management Plan for Groundfish oftheGulfofAlaskaAdditions are in bold.(1) Modify the fifth paragraph in section 3.7.2.3.2 to read as follows:3.7.2.3.2 Catcher processor sector allocation with cooperatives* * *Cooperatives that meet a minimum two LLP license threshold would be permitted toengage in the transfer ofannual allocations to other cooperatives. Catcher processorscould also transfer annual allocations to catcher vessel cooperatives, but could notacquire annual allocations from catcher vessel cooperatives. Any transfers would betemporary transfers ofa single year's annual allocation with the history reverting to theLLP license from which it came. Cooperatives may lease an annual allocation (i.e.,transfer) after a delivery to cover any potential overages, provided that the quotaaccount ofthe cooperative conducting the lease has a zero or positive balance beforestarting a fishing trip and at the end ofthe year. No person would be permitted to holdor use in excess of20 percent ofthe catcher processor pool. This cap would be applied tolimit the amount ofshares that an individual could bring to a cooperative, either throughlicense holding or through inter-cooperative transfers. To apply this cap, inter­cooperative transfers would need to be conducted through individuals. In addition, nocatcher processor vessel could harvest in excess of60 percent ofthe catcher processorpool.5 Persons or vessels with history in ofthese limits at ...