Fla. Admin. Code R. 68B-24.009
Current through Reg. 50, No. 124; June 25, 2024
Upon the sale or transfer of lobster trap certificates outside the immediate family of the certificate holder, the number of certificates received by the purchaser shall be reduced by 10 percent. Once the number of lobster trap certificates is reduced through this mechanism to 400, 000, there shall be no further reduction in the number of lobster trap certificates issued each year except those forfeited pursuant to section 379.3671(2)(c)3. or 379.3671(2)(c)7., F.S.
Fla. Admin. Code Ann. R. 68B-24.009
Rulemaking Authority Art. IV, Sec. 9, Fla. Const. Law Implemented Art. IV, Sec. 9, Fla. Const.
New 3-1-92, Amended 6-1-94, 6-3-96, 3-5-97, Formerly 46-24.009, Amended 6-29-00, 7-1-01, 4-1-04, 1-9-07, 7-1-08, 7-1-09.