Yesterday the Council passed their Final Action agenda item that will allow one Recreational Quota Entity (RQE) as a non-profit entity, registered with the IRS, to purchase and hold commercial halibut quota share for use by the guided halibut fishery with two pools, one for each area 2C and 3A. The annual limit on transfers to the RQE will be 1% of commercial quota share in 2C and 1.2% of quota share in 3A, based on the 2015 quota share units pool. There will also be a cumulative cap on the amount of quota share held by the RQE and leased under GAF in a year. The cumulative cap will be managed annually on a sliding scale with no more than 10% of 2015 commercial quota share held as RQE and leased as GAF in 2C and 12% in 3A. There will be restrictions on transfers to the RQE in an effort Read more…