District Entities for Development of Marine Resources (Division 2, Chapter 10 of the Palau National Code)

27 PNC 1001 1120 PAL 22 DISTRICT ENTITIES FOR DEVELOPMENT OF MARINE RESOURCES DIVISION 2: DOMESTIC FISHING Chapter 10: District Entities for Development of Marine Resources 27 PNC 1002 §100l. Authorized; powers. §1002. Succession. §l003. Funding. §1004. Authorization of appropriations for 1979 and 1980. §1005. Annual report. §1006. Succession in absence of entity. §lOOl. Authorized; powers. Ea-cn-distr1ct government is authorized to establish by law an entity to .promote, develop, and support commercial utilization of living marine resources within its jurisdiction. The entity shall be composed of representatives of district parties with a significant interest in the utilization of living marine resources. The entity shall be provided by law with the power and authority to carry out the purpose 'stated above, which powers may include but need not be limited to the following: (a) To provide guidance to the district government in establishing marine resources development policy; (b) To make regulations exploitation of living marine resources law; concerning the as permitted by public funds to for commercial pilot fishing scale commercial are not suitable (c) To serve as a conduit for establish and operate facilities required fisheries development, to conduct operations and to participate in large fishing and related activities which for investment by the private sector; (d) To establish and support programs to promote, support and guide fishing cooperative associations. (P.L. No. 7-111, §1.) Sogrce: 45 TTC §l62. §1002. Succession. Upon the establishment of a district ent~y pursuant to this chapter the provisions of former sections 151 to 161 of Title 45 of the Trust Territory Code shall cease to apply in that district and all assets, liabilities and activities of the district fishing authority created pursuant to those T27-22 1.12·1 PAL 23 27 PNC 1003 FISHING 27 PNC 100b provisions shall be transferred to the new district ent.ity. (P.L. No. 7-111, §2.) Source: 45 TTC §163, modified. §l003. FUnding. Funds for the operation and activities of the district entity created pursuant to this chapter may be provided by the Trust Territory government, the Congress of Micronesia, the district legislature, the net earnings from its activities, and tax revenues generated from the sale of supplies and provisions to foreign fishing vessels entering ports within the district. (P.L. No. 7-111, §3.) Source: 45 TTC §l64. §1004. Authorization of appropriations for 1979 and 1980. The sum of $240,000.00 for each of the fiscal years 1979 and 1980 is authorized to be appropriated from the general fund of the Congress of Micronesia to be made available to the district entltycreated pursuant to this chapter in the amount of $40,000.00 per district per year or so much thereof as may be necessary, provided that matching funds are provided by appropriations from the district legislature. (P.L. No. 7-111, §4.) Source: 45 TTC §165. §l005. Annual retort. Eacn-distr{ct ent ty created pursuant to this chapter Shall prepare an annual repQrt on its finances and activities to be submitted to the district legislature and the Congress of Micronesia within 20 days of the completion of each calendar year. (P.L. No.7-Ill, §5.) Source: 45 TTC §l66. §1006. Succession in absence of entity. I~ distrIct entIty Is created pursuant to this act pri~r to May 1, 1979, the district administrator shall be responsible for the promotion, support and guidance of fishing cooperative associations, but he shall terminate the loan fund program established by section 157 of Title 45 of the Trust Territory Code and shall be responsible for the collection of outstanding loans as the .' payments become due and shall return to the general fuhd of the Congress of Micronesia such portion of those collections as were provided originally by the Congress of Micronesia, together with the interest collected thereon. (P.L. No. 7-111, §7.) T27-23 27 PNC 1006 1122 PAL 24 DISTRICT ENTITIES FOR DEVELOPMENT OF MARINE RESOURCES 27 PNC 1006 Source: 45 TTC §167, modified.