20 AAC 05.579. Income from educational entry permits payable to general fund

(a) As provided in AS 16.43.361 , proceeds of the sale of fish taken under the rights conferred by an educational entry permit are payable to the general fund through the commission to the extent the proceeds exceed reasonable operating costs of the training program.

(b) Payment must be made on or before June 1 of the calendar year following the year of operation, unless a later date is approved by the commission.

(c) For purposes of this section, "reasonable operating costs of the training program" means actual operating expenditures of the training program incurred in the school term preceding operation and the school term following operation, including a stipend for student expenses, but excludes payments toward capital having a useful life of more than five years.

(d) Any wages paid under the training program may not be based upon a share or percentage of the value of fish taken.

(e) The permit holder shall retain a copy of all receipts of actual operating expenditures under the permit. These receipts are subject to inspection by the commission upon its request.

History: Eff. 12/27/79, Register 72; am 3/26/88, Register 105; am 5/20/90, Register 114; am 3/18/91, Register 117

Authority: AS 16.43.361

AS 16.43.381 (b)

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