Act No. 72 on the Fisheries Fund.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The present Act establishes the Fisheries Fund. The Fisheries Fund is an independent fund owned by the state and managed by the Ministry of of Fisheries and Agriculture and the Ministry of Industry and Innovation, which has the role of providing loans or grants for projects that serve the purpose of promoting fish farming, improving fishing facilities, supporting research in rivers and lakes and increasing the value of fishing from them. The Fund shall be administered by a Board. Provisions on the composition and task of the Board are described. The Act also lays down details provisions on the allocations from the Fund. A regulation containing further provisions on the implementation of this Act, including on procedures and the allocation of funds from the Fisheries Fund, may be issued by the competent Ministries.
Attached files
Web site
Entry into force notes
This Act entered into force on 1 January 2009.
Notes
Consolidated version of Act No. 72 of 11 June 2008, as last amended by Act. No. 88 of 9 July 2020.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
Lög um Fiskræktarsjóð.