Sec. 77.120. SHRIMP LICENSE BUYBACK ACCOUNT; FEE INCREASE. (a) The shrimp license buyback account is a separate account in the general revenue fund. The account consists of money deposited to the account under this section. Sections 403.094 and 403.095, Government Code, do not apply to the account.
(b) The department may accept grants and donations of money or materials from private or public sources to be applied to the shrimp license buyback account.
(c) In addition to fee increases the department is authorized to make under this code, the department shall increase by 15 percent, but not by an amount that exceeds $25, the fee for the following licenses and shall deposit the amount of the increase to the credit of the shrimp license buyback account:
(1) a bait-shrimp dealer's license issued under Section 77.043;
(2) a wholesale fish dealer's license issued under Section 47.009;
(3) a wholesale truck dealer's fish license issued under Section 47.010;
(4) a retail fish dealer's license issued under Section 47.011;
(5) a retail dealer's truck license issued under Section 47.013;
(6) a commercial bait-shrimp boat license issued under Section 77.033;
(7) a commercial bay shrimp boat license issued under Section 77.031; and
(8) a commercial gulf shrimp boat license issued under Section 77.035.
(d) The department shall deposit to the credit of the shrimp license buyback account transfer fees received under Section 77.115.
(e) Money in the shrimp license buyback account may be used only to buy back from a willing license holder a commercial bay or bait shrimp boat license.
Added by Acts 1995, 74th Leg., ch. 339, Sec. 1, eff. June 8, 1995.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 570 (S.B. 1668), Sec. 3, eff. September 1, 2007.
Section: Previous 77.112 77.113 77.114 77.115 77.116 77.117 77.118 77.119 77.120 77.121 77.122 77.123 77.151 77.152 77.153 NextLast modified: September 28, 2016