This Act amends Sections 113, 123 and 124 regarding the composition of the Board of Directors of the Marshall Islands Marine Resources Authority and the payments into or out of the Marshall Islands Marine Resources Authority Fund. Section 123 provides for the payments deposited into the Fund, including but not limited to: all payments for fisheries access; all administrative and criminal fines; and the proceeds of sale of fish seized and forfeited pursuant to violations of or offenses against this Act. According to Section 124 of 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. The surplus funds which are generated from fisheries licenses, the Vessel Day Scheme, or any joint ventures between the Authority and any fishing operator, shall be transferred to the General Fund from the MIMRA Fund.
Marshall Islands · 2018-02-20