Fishing Capacity Reduction Program for the Longline Catcher Processor Subsector of the Bering Sea and Aleutian Islands Non-Pollock Groundfish Fishery

NMFS issues this notice to inform the public that there will be a decrease of the fee rate required to repay the reduction loan financing the non-pollock groundfish fishing capacity reduction program. Effective January 1, 2025, NMFS is decreasing the Loan A fee rate to $0.016 per pound to ensure timely repayment of the loan. The fee rate for Loan B will remain unchanged at $0.001 per pound. The decreased fee rate is due to a recalculation based on the required amortization target and projected non-pollock groundfish Total Allowable Catch (TAC) for 2025, as well as a temporary adjustment related to 2024 Season B.