{"data":{"id":"us-ak/as-16.43.310","jurisdiction":"us-ak","citation":"AS 16.43.310","heading":"Establishment of buy-back funds and permit buy-back assessments.","body":"(a) When the optimum number of entry permits is less than the number of entry permits outstanding in a fishery, the commission may establish a buy-back program, a buy-back plan, and a buy-back fund for that fishery.\n(b) The commission may establish by regulation a permit buy-back assessment for each fishery for which the commission has established a buy-back fund under (a) of this section. The amount of the assessment may not exceed seven percent of the value, as defined in AS 43.75.290, of fish that a permit holder in the fishery subject to the assessment removes from the state or transfers to a buyer in the state. The Department of Revenue shall collect an assessment established under this subsection.\n(c) The commission shall expend money appropriated to a buy-back fund for the purpose of reducing the number of entry permits in the fishery to the optimum number, at a rate to be established by the commission. The legislature may appropriate interest accrued on the money in a buy-back fund to that fund. Except as provided in AS 16.43.320, money appropriated to a buy-back fund does not lapse.","path":["Title 16. Fish and Game.","Chapter 43. Regulation of Entry into Alaska Commercial Fisheries.","Article 4. Reduction to Optimum Number of Entry Permits."],"source_url":"https://www.akleg.gov/basis/statutes.asp#16.43.310","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:07Z","sha256":"750c946fc14950983461f7281d19f7244a269bce267ce3e1921ad83362730985","source_id":"us-ak","stale":false,"prev":"us-ak/as-16.43.300","next":"us-ak/as-16.43.320"},"notice":"GroundRules: Original legal text. Not legal advice."}