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Marshall Islands Marine Resources Authority (MIMRA Surplus Funds Amendment) Act 2016 (P.L. 2016-23).

Country/Territory
Marshall Islands
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Long title
An Act to provide process for transfer of surplus funds from MIMRA to the General Fund and for related matters.
Subject
Fisheries
Keyword
Certification Education Financing Fishery management and conservation Fishing vessel Inspection Monitoring Research Special fund
Geographical area
Micronesia, Oceania, South Pacific
Entry into force notes
This Act enters into force on 18 October 2016.
Abstract

This Act amends Section 124 on payments out of the Marshall Islands Marine Resources Authority Fund. According to the principal Act, payment may be made out of the Fund only for carrying out the powers and functions of the Authority, and in particular for fisheries monitoring, control and surveillance; training; research; and fisheries development. The transfer of surplus funds generated from fisheries licenses, the Vessel Day Scheme, or any joint ventures between the Authority and any fishing operator, to the General Fund from the MIMRA Fund shall be approved by the Nitijela or by the Board where the Nitijela is not then in session.

Full text
English
Website
rmiparliament.org

References - Legislation

Amends

Marshall Islands Marine Resources Act 1997.

Legislation | Marshall Islands | 1997 (2006)

Keyword: Basic legislation, Fishery management and conservation, Marine fisheries, Foreign fishing, Institution, Access right, Policy/planning, Special fund, Registration, Artisanal fishing, Aquaculture, Mariculture, Enforcement/compliance, Offences/penalties, Fishing authorization, International trade, Fish disease, Animal health, Authorization/permit, Endangered species, Protection of species

Source: FAO, FAOLEX