Kodiak Daily Mirror - Rep Austerman co sponsors bill to expand loans for commercial fishing permits
  
Rep. Austerman co-sponsors bill to expand loans for commercial fishing permits
by Daily Mirror Staff / editor@kodiakdailymirror.com
Mar 22, 2012 | 37 views | 0 0 comments | 2 2 recommendations | email to a friend | print
KODIAK — Rep. Alan Austerman on Wednesday co-sponsored a bill that would expand loans for fishermen seeking commercial fishing entry permits.

HB261 would allow fishermen to borrow up to $200,000 from the Commercial Fishing Revolving Loan Fund, which was originally founded to help commercial fishermen make improvements to their boats.

HB261 was originally sponsored by Rep. Bryce Edgmon, D-Dillingham, who said he wanted to “reverse the graying of the fleet” by giving more young fishermen the chance to “pursue ownership-level careers in fisheries.”

According to documents submitted in support of the bill, the average cost of a Kodiak salmon seine fishery entry permit in 2011 was $44,000. For a Chignik salmon seine permit, the average cost was $95,100.

HB261 is now in the House Rules Committee.

Contact the Mirror at editor@kodiakdailymirror.com.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet
The Kodiak Daily Mirror encourages a lively exchange of ideas regarding topics in the news. Users are solely responsible for the content. Please keep it clean, respect others and use the 'report abuse' link when necessary. Read our full user's agreement.
Search Our Marketplace
or Search by category