Section 23.35.060. Creation and administration of fishermen's fund.

   (a) There is created a fund, designated as the "fishermen's fund." The Department of Revenue is the custodian of the fund, and the Department of Labor and Workforce Development shall administer it. The fund shall be composed of
        (1) 39 percent of the money derived by the state from all commercial fishermen's licenses, not to exceed a maximum of $50 for each license holder for each year; and
        (2) money appropriated to carry out the purpose of this chapter.
   (b) The legislature may appropriate up to 50 percent of the interest income earned by the state on the balance of the fishermen's fund for a grant for statewide marine safety training and education programs.

Authorities

16.05.480;37.05.146

Notes

References

7 AAC 160.200
8 AAC 55.900
AS 16.05.480 Commercial fishing license; disclosure for child support purposes.
AS 37.05.146 Definition of program receipts and non-general fund program receipts.

History

(Sec. 4 ch 100 SLA 1951; am Sec. 1 ch 99 SLA 1955; am Sec. 16 ch 105 SLA 1977; am Sec. 11 ch 123 SLA 1978; am Sec. 2 ch 40 SLA 1997; am Sec. 5 ch 44 SLA 1999; am Sec. 6 ch 27 SLA 2001)