118 STAT. 2887 PUBLIC LAW 108–447—DEC. 8, 2004 of the Magnuson Stevens Fishery Conservation and Manage ment Act (16 U.S.C. 1852(a)(1)(G)). (5) LLP LICENSE.—The term ‘‘LLP license’’ means a Federal License Limitation program groundfish license issued pursuant to section 679.4(k) of title 50, Code of Federal Regulations (or successor regulation). (6) LONGLINE CATCHER PROCESSOR SUBSECTOR.—The term ‘‘longline catcher processor subsector’’ means the holders of an LLP license that is noninterim and transferable, or that is interim and subsequently becomes noninterim and transfer able, and that is endorsed for Bering Sea or Aleutian Islands catcher processor fishing activity, C/P, Pcod, and hook and line gear. (7) NON AFA TRAWL CATCHER PROCESSOR SUBSECTOR.—The term ‘‘non AFA trawl catcher processor subsector’’ means the owner of each trawl catcher processor— (A) that is not an AFA trawl catcher processor; (B) to whom a valid LLP license that is endorsed for Bering Sea or Aleutian Islands trawl catcher processor fishing activity has been issued; and (C) that the Secretary determines has harvested with trawl gear and processed not less than a total of 150 metric tons of non pollock groundfish during the period January 1, 1997 through December 31, 2002. (8) NON POLLOCK GROUNDFISH FISHERY.—The term ‘‘non pollock groundfish fishery’’ means target species of Atka mack erel, flathead sole, Pacific cod, Pacific Ocean perch, rock sole, turbot, or yellowfin sole harvested in the BSAI. (9) POT CATCHER PROCESSOR SUBSECTOR.—The term ‘‘pot catcher processor subsector’’ means the holders of an LLP license that is noninterim and transferable, or that is interim and subsequently becomes noninterim and transferable, and that is endorsed for Bering Sea or Aleutian Islands catcher processor fishing activity, C/P, Pcod, and pot gear. (10) SECRETARY.—Except as otherwise provided in this Act, the term ‘‘Secretary’’ means the Secretary of Commerce. (b) AUTHORITY FOR BSAI CATCHER PROCESSOR CAPACITY REDUCTION PROGRAM.— (1) IN GENERAL.—A fishing capacity reduction program for the non pollock groundfish fishery in the BSAI is authorized to be financed through a capacity reduction loan of not more than $75,000,000 under sections 1111 and 1112 of the Merchant Marine Act, 1936 (46 U.S.C. App. 1279f and 1279g). (2) RELATIONSHIP TO MERCHANT MARINE ACT, 1936.—The fishing capacity reduction program authorized by paragraph (1) shall be a program for the purposes of subsection (e) of section 1111 of the Merchant Marine Act, 1936 (46 U.S.C. App. 1279f), except, notwithstanding subsection (b)(4) of such section, the capacity reduction loan authorized by paragraph (1) may have a maturity not to exceed 30 years. (c) AVAILABILITY OF CAPACITY REDUCTION FUNDS TO CATCHER PROCESSOR SUBSECTORS.— (1) IN GENERAL.—The Secretary shall make available the amounts of the capacity reduction loan authorized by subsection (b)(1) to each catcher processor subsector as described in this subsection.
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