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.
Marshall Islands · 2016-09-29