4 Va. Admin. Code § 20-1270-40 - Purse seine menhaden bait sector; limited entry criteria; individual transferable quota system; and season

Current through Register Vol.. 38, No. 17, April 11, 2022

A. To qualify for limited entry to the purse seine menhaden bait sector, the person shall:
1. Have held a purse seine license in 2011 and landed menhaden in Virginia in 2009, 2010, and 2011, while using purse seine gear to harvest menhaden in one of those three years; and
2. Provide the commission receipts and landings reports or other requested reports as proof of landings and gear usage to demonstrate that the criteria described in subdivision 1 of this subsection have been met.
B. The commission shall establish an individual transferable quota (ITQ) system for each purse seine menhaden bait licensee who meets the limited entry requirements in subsection A of this section. The quota for this sector will be allocated according to each qualified licensee's rounded percentage share of the average of the 2007 through 2011 menhaden landings.
C. Each licensee qualified under the ITQ system may transfer quota to another licensee's ITQ upon approval of the commissioner.
D. The season for vessels with a gross weight of less than 70 tons that use purse seine nets to take or catch menhaden for purposes other than use as fish meal or oil shall be from the first Monday in March up to, but not including, the first Monday in May.

Notes

4 Va. Admin. Code § 20-1270-40
Derived from Virginia Register Volume 29, Issue 17, eff. April 1, 2013; Amended, Virginia Register Volume 36, Issue 19, eff. 5/1/2020.

Statutory Authority: § 28.2-201 of the Code of Virginia.

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