As used in this chapter:
"Regional fisheries improvement fund"
means a fund to be used only for capital projects, including planning, designing, engineering and associated costs that are anticipated to improve the commercial and subsistence fisheries within the city.
"Regional priorities"
means an annual compilation of the fisheries improvement capital projects formulated after public hearings in Dillingham and outreach with communities within the Bristol Bay region including Aleknagik, Clark's Point, Ekuk, Ekwok, Koliganek, Manokotak, New Stuyahok and Portage Creek for presentation to the state legislators and Governor.
(Ord. 12-06 § 1 (part), 2012)
There shall be established a regional fisheries improvement fund beginning July 1, 2012. Monies to be deposited into this fund will be from revenues to be collected as raw fish tax and held as an unappropriated reserve in an amount not less than five percent of total fish tax revenue collected in the previous fiscal year or any other amount the council deems appropriate.
(Ord. 12-06 § 1 (part), 2012)
Annually at the adoption of the fiscal budget a portion of the anticipated unappropriated reserve derived from funds collected as raw fish tax may be transferred to this fund.
(Ord. 12-06 § 1 (part), 2012)
The council shall seek input on regional priorities with communities within the Bristol Bay region including Aleknagik, Clark's Point, Ekuk, Ekwok, Koliganek, Manokotak, New Stuyahok and Portage Creek in conjunction with the adoption of that portion of the city's fiscal budget to be transferred to this fund.
(Ord. 12-06 § 1 (part), 2012)
The council may authorize expenditures from the regional fisheries improvement fund for planning, design and engineering for capital projects that are anticipated to improve the commercial and subsistence fisheries within the city. A commitment of funds may be made by the council to be used for the entire share or the local share requirement.
(Ord. 12-06 § 1 (part), 2012)