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California Law (Last Updated: March 4, 2014) |
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Food and Agricultural Code - FAC |
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Division 22. MARKETING ADVISORY AND PROMOTIONAL AGENCY LAWS |
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Part 2. MARKETING ADVISORY AND PROMOTIONAL COUNCILS AND COMMISSIONS |
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Chapter 16. California Salmon Council |
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ARTICLE 7. Purchase of Allocation Shares |
Section 76851.
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If the Attorney General determines under Section 76850 that selling allocation rights to harvest salmon would be binding and consistent with California public policy and if an agreement for purchase of allocation rights of harvest is determined to be lawful and binding, the Director of Fish and Game may, in consultation with the director, develop a program to authorize the transfer of the allocation rights consistent with all other state or federal laws and regulations. Upon authorization by the Director of Fish and Game, the director may, at a price and quantity agreed to by the council, and with funds available from the council, enter into an agreement for the purchase of the allocation rights to harvest from another user holding bona fide rights to harvest stocks of salmon.