Per Final Rule 0648-AX47, in the event that the arbitration organizations representing at least 50 percent of the processor quota share (PQS) holders, and at least 50 percent of the unaffiliated QS, holders agree that a fishery is unlikely to open, neither a market report nor non-binding formula will be required for the fishery. Any such agreement will include provision for the production of the market report and non-binding formula, in the event that an opening is later announced for a fishery, specifying a timeline for the production of those reports. No change to burden or cost is being estimated at this time, though minor savings may occur.
PL:
Pub.L. 94 - 265 313(j)
Name of Law: Magnuson-Stevens Fishery Conservation and Management Act as amended in 2006
This action is a revision/renewal with program changes and adjustments. NMFS has changed the Arbitration information collection requirements based on information that recently became available. These program changes provide a more transparent view of the different reports and activities. ICs removed: Miscellaneous AO reporting, AO market report, AO price formula report and establishment of price for artitration negotiations. Miscellaneous reports, the Market Report, and Price Formula Report are combined into the Combined shared arbitration accounting report.
Adjustments: the AO notification report, formerly under Miscellaneous reporting, is now submitted with the AO Annual Report. The Contract Arbitrator report was inadvertently not included in the previous submission and is now included.
$2,150
No
No
No
No
No
Uncollected
Patsy Bearden 907 586-7008
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.