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DOC/NOAA RIN: 0648-AW57 Publication ID: Fall 2016 
Title: Capital Construction Fund; Fishing Vessel Capital Construction Fund Procedures 
Abstract: This action would amend Fishing Vessel Capital Construction Fund (CCF) Program regulations to simplify and clarify them and to ease restrictions on vessel reconstruction to promote fleet safety, reliability and efficiency. Specifically, this action eliminates the minimum cost and maximum allowable completion time for reconstruction projects, the requirement for a minimum annual deposit and the reconstruction requirement attached to used vessel acquisition. It also prohibits any CCF project from increasing fisheries harvesting capacity. Current regulations require an annual deposit of 2 percent of the anticipated cost of the CCF objective, that a used vessel acquired with CCF funds be reconstructed within 7 years of the acquisition date, that reconstruction projects cost a minimum of either $100,000 or 20 percent of acquisition cost, and that reconstruction projects be completed within 18 months of their commencement. 
Agency: Department of Commerce(DOC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 50 CFR 259   
Legal Authority: 46 U.S.C. 1177   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/25/2014  79 FR 57496   
NPRM Comment Period End  11/10/2014 
Final Action  12/00/2016 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Brian Pawlak
Department of Commerce
National Oceanic and Atmospheric Administration
1315 East-West Highway,
Silver Spring, MD 20910
Phone:301 427-8621
Email: brian.t.pawlak@noaa.gov