Foreign Fishing Revenue Distribution Act (RPPL 88-47 of 2012). Country/Territory Palau Document type Legislation Date 2012 Source FAO, FAOLEX Long titleAn Act to equitably divide all revenue derived from licensing foreign vessels to fish for highly migratory fish within the jurisdictional waters of Palau, and for other related purposes. Subject Fisheries Keyword Marine fisheries Foreign fishing Fishing charge Contract/agreement Geographical area Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific Abstract This Act carries into effect the requirement laid down in Article XII Section 6(c) of the Constitution that revenue derived from the licensing of foreign fishing vessels to fish for highly migratory fish within the waters of the Republic shall be allocated to the national and state governments equitably. The Act sets out the manner of allocation: 15% of the revenue shall go to the national government; 55% shall be equally divided among the states; 30% shall be divided among the states according to the population of each state as stated in the most recent national government census. In each yearly national government fiscal budget, the revenues derived from foreign fishing agreements shall be authorized and appropriated in accordance with this Act. Full text English Website www.paclii.org References - Legislation Implements Constitution of Palau. Legislation | Palau | 1981 Keyword: Traditional rights/customary rights, Local government, Public participation, Sustainable development, Human rights, Marine fisheries, Land tenure, Land reform, Expropriation, Foreign land tenure, Property rights, Indigenous peoples, Hazardous substances, Transport/storage, Water rights Source: FAO, FAOLEX