Application of Penalties, Fines and Damages. All penalties, fines and/or other damages paid to the Sector shall, first, be applied to the cost of enforcement of such violations and, second, any remaining amounts shall be applied to the costs and expenses of the administration, management and preservation of the Sector. Any funds remaining after the application of the foregoing sentence shall be used to further research into efficient management of groundfish stocks for the benefit of the resource and those that harvest the resource; provided that any such use of funds shall comply with all applicable laws, including the provisions of the Internal Revenue Code, as amended, that may apply to the Sector from time to time.
Appears in 3 contracts
Samples: Operations Plan and Agreement, Operations Plan and Agreement, Operations Plan and Agreement
Application of Penalties, Fines and Damages. All penalties, fines and/or other 1 damages paid to the Sector shall, first, be applied to the cost of enforcement of such violations 2 and, second, any remaining amounts shall be applied to the costs and expenses of the 3 administration, management and preservation of the Sector. Any funds remaining after the 4 application of the foregoing sentence shall be used to further research into efficient management 5 of groundfish stocks for the benefit of the resource and those that harvest the resource; provided 6 that any such use of funds shall comply with all applicable laws, including the provisions of the 7 Internal Revenue Code, as amended, that may apply to the Sector from time to time.
Appears in 2 contracts
Samples: Operations Plan and Agreement, Operations Plan and Agreement
