5 AAC 41.257. Security requirements for wild stock restoration

(a) Within 30 days after the harvest of wild stock begins, an aquatic farm permit holder must file with the commissioner a certificate of deposit in an amount determined by the commissioner to be adequate to cover the cost of restoring the wild stock to the population level that existed on the aquatic farm site when the permit for the site was initially issued.

(b) After the permit holder has complied with the required reseeding of wild stock, the permit holder may submit a written request, along with a transport permit and bill of sale from the hatchery, to the commissioner to release the certificate of deposit. The commissioner will return the certificate of deposit to the permit holder no later than six months after the commissioner has determined that the permit holder has complied with the required reseeding of wild stock.

(c) The provisions of this section do not apply to a person who holds a permit for an aquatic farm site that does not contain wild stock.

History: Eff. 11/25/2005, Register 176

Authority: AS 16.05.050

AS 16.05.092

AS 16.40.100

AS 16.40.160

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