Subpart A General
Subpart B Fisheries Finance Program
Subpart C Interjurisdictional Fisheries

Terms Used In CFR > Title 50 > Chapter II > Subchapter F > Part 253

  • Act: means Chapter 537 of Title 46 of the U. See 50 CFR 253.10
  • Act: means the Interjurisdictional Fisheries Act of 1986, Public Law 99-659 (Title III). See 50 CFR 253.50
  • Actual cost: means the sum of all amounts for a project paid by an obligor (or related person), as well as all amounts that the Program determines the obligor will become obligated to pay, as such amounts are calculated by §253. See 50 CFR 253.10
  • Applicant: means the individual or entity applying for a loan (the prospective obligor). See 50 CFR 253.10
  • Application: means the documents provided to or requested by NMFS from an applicant to apply for a loan. See 50 CFR 253.10
  • Application fee: means 0. See 50 CFR 253.10
  • Captain: means a vessel operator or a vessel master. See 50 CFR 253.10
  • Citizen: means a "citizen of the United States" as described in 46 U. See 50 CFR 253.10
  • Commercial fishery failure: means a serious disruption of a fishery resource affecting present or future productivity due to natural or undetermined causes. See 50 CFR 253.50
  • Demand: means a noteholder's request that a debtor or guarantor pay a note's full principal and interest balance. See 50 CFR 253.10
  • Enforcement agreement: means a written agreement, signed and dated, between a state agency and either the Secretary of the Interior or Secretary of Commerce, or both, to enforce Federal and state laws pertaining to the protection of interjurisdictional fishery resources. See 50 CFR 253.50
  • Facility: means a fishery or an aquaculture facility. See 50 CFR 253.10
  • Federal fishery management plan: means a plan developed and approved under the Magnuson Fishery Conservation and Management Act (16 U. See 50 CFR 253.50
  • Fish: means finfish, mollusks, crustaceans and all other forms of aquatic animal and plant life, other than marine mammals and birds. See 50 CFR 253.10
  • Fisheries management: means all activities concerned with conservation, restoration, enhancement, or utilization of fisheries resources, including research, data collection and analysis, monitoring, assessment, information dissemination, regulation, and enforcement. See 50 CFR 253.50
  • Fishery facility: means land, land structures, water craft that do not engage in fishing, and equipment used for transporting, unloading, receiving, holding, processing, preserving, or distributing fish for commercial purposes (including any water craft used for charter fishing). See 50 CFR 253.10
  • Fishery resource: means finfish, mollusks, and crustaceans, and any form of marine or Great Lakes animal or plant life, including habitat, other than marine mammals and birds. See 50 CFR 253.50
  • Guarantee: means a guarantor's contractual promise to repay indebtedness if an obligor fails to repay as agreed. See 50 CFR 253.10
  • Guarantee fee: means one percent of a guaranteed note's average annual unpaid principal balance. See 50 CFR 253.10
  • Guaranteed note: means a promissory note from an obligor to a noteholder, the repayment of which the United States guarantees. See 50 CFR 253.10
  • IFQ: means Individual Fishing Quota, which is a Federal permit under a limited access system to harvest a quantity of fish, expressed by a unit or units representing a percentage of the total allowable catch of a fishery that may be received or held for exclusive use by a person. See 50 CFR 253.10
  • Interstate Commission: means a commission or other administrative body established by an interstate compact. See 50 CFR 253.50
  • Interstate Fisheries Research Program: means research conducted by two or more state agencies under a formal interstate agreement. See 50 CFR 253.50
  • Interstate fishery management plan: means a plan for managing a fishery resource developed and adopted by the member states of an Interstate Marine Fisheries Commission, and contains information regarding the status of the fishery resource and fisheries, and recommends actions to be taken by the States to conserve and manage the fishery resource. See 50 CFR 253.50
  • Landed: means the first point of offloading fishery resources. See 50 CFR 253.50
  • NMFS Regional Director: means the Director of any one of the five National Marine Fisheries Service regions. See 50 CFR 253.50
  • Noteholder: means a guaranteed note payee. See 50 CFR 253.10
  • Obligor: means a party primarily liable for payment of the principal of or interest on an obligation, used interchangeably with the terms "note payor" or "notemaker. See 50 CFR 253.10
  • Origination year: means the year in which an application for a loan is accepted for processing. See 50 CFR 253.10
  • Program: means the Fisheries Finance Program, Financial Services Division, National Marine Fisheries Service, National Oceanic and Atmospheric Administration, U. See 50 CFR 253.10
  • Project: means an undertaking or a proposal for research in support of management of an interjurisdictional fishery resource or an interstate fishery management plan. See 50 CFR 253.50
  • RAM: means the Restricted Access Management division in the Alaska Regional Office of NMFS or the office that undertakes the duties of this division to issue or manage quota shares. See 50 CFR 253.10
  • Refinancing: means newer debt that either replaces older debt or reimburses applicants for previous expenditures. See 50 CFR 253.10
  • Refurbishing: means any reconstruction, reconditioning, or other improvement of existing vessels or facilities, but does not include routine repairs or activities characterized as maintenance. See 50 CFR 253.10
  • Research: means work or investigative study, designed to acquire knowledge of fisheries resources and their habitat. See 50 CFR 253.50
  • Secretary: means the Secretary of Commerce or his/her designee. See 50 CFR 253.50
  • State: means each of the several states, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, the Virgin Islands, Guam, or the Commonwealth of the Northern Mariana Islands. See 50 CFR 253.50
  • State agency: means any department, agency, commission, or official of a state authorized under the laws of the State to regulate commercial fisheries or enforce laws relating to commercial fisheries. See 50 CFR 253.50
  • Useful life: means the period during which project property will, as determined by the Program, remain economically productive. See 50 CFR 253.10
  • Value: means the monetary worth of fishery resources used in developing the apportionment formula, which is equal to the price paid at the first point of landing. See 50 CFR 253.50
  • Vessel: means any vessel documented under U. See 50 CFR 253.10
  • Volume: means the weight of the fishery resource as landed, at the first point of landing. See 50 CFR 253.50