→ Proposed authorization of recreational quota entity in Pacific Halibut and Sablefish Individual Fishing Quota Program in Gulf of Alaska

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The National Marine Fisheries Services is proposing to authorize formation of a recreational quota entity 'that could participate in the Pacific Halibut and Sablefish Individual Fishing Quota Program in International Pacific Halibut Commission Regulatory Areas 2C and 3A in the Gulf of Alaska.' The recreational quota entity 'would be authorized to purchase and hold a limited amount of commercial halibut quota share that would yield additional pounds of recreational fishing quota on an annual basis.' This would increase the amount of halibut available for the charter halibut fishery by reallocating a portion of commercial halibut quota. The National Marine Fisheries Service states that this 'proposed rule is necessary to promote social and economic flexibility in the charter halibut fishery, and is intended to promote the goals and objectives of the Northern Pacific Halibut Act of 1982, and other applicable laws.'