00Enrolled HB 484                                                                                                         
01 Allowing for revenue received from issuance of additional entry permits to be appropriated                              
02 for reimbursement to salmon fishery associations.                                                                       
03                           _______________                                                                               
04    * Section 1.  AS 16.43.330 is amended by adding a new subsection to read:                                          
05            (c)  If a salmon fishery association qualified under AS 16.40.250 takes part in a                            
06       fleet reduction program by expending money or incurring debt to contract with permit                              
07       holders to relinquish the holders' entry permits under AS 16.43.150(i), and if this                               
08       section requires additional permits to be issued for the same fishery in which the fleet                          
09       reduction program was implemented, the legislature may appropriate any resulting                                  
10       revenue to the association for reimbursement of money expended or to retire any                                   
11       outstanding debt incurred for fleet reduction purposes. An appropriation under this                               
12       subsection must be made within 30 years after the date the money was expended or                                  
13       debt incurred.