Regulation No. 505/1992 on the Fish Cultivation Fund.

This regulation establishes rules for Fiskræktarsjóður — the Fish Cultivation Fund — whose role is to support fish cultivation and aquaculture in Iceland, particularly projects that increase or maintain Icelandic salmonid stocks. It sets out the fund’s administration by the fisheries committee and fisheries manager, with grants and loans subject to ministerial approval, and defines its revenues, including State allocations, a levy on fishing income and a levy on hydroelectric power stations. The regulation also provides procedures for assessing and collecting contributions, resolving disputes, and granting loans or subsidies for fish passages, hatcheries, aquaculture facilities and other fish-cultivation infrastructure, including limits on grant and loan amounts, repayment terms, security requirements and cases where loans may become immediately due.