(1) See 50 CFR 679.40(a). The 20,000
pounds is actually a hypothetical IFQ based on 1994 TACs and the amount of QS outstanding
on October 17, 1994. The sablefish QS equivalent calculated for this blocking limit will be
worth different amounts of IFQ from year-to-year as TACs and the QS outstanding change. (2) Originally the QS in a block could not be
broken up for leasing purposes. This regulation was changed in 1996 to allow the IFQ
associated with blocked QS to be leased. See Chapter 5 on leases. (3) The original sweep-up limit was 3,000
pounds. In April 1996 the NPFMC approved an amendment that increased the sweep-up
limit to 5,000 pounds. This regulation is now incorporated into 50 CFR 679.41(e).(2). The
5,000 pounds of hypothetical IFQ was based upon 1996 TACs and the QS pool as of January
31, 1996. The revised regulation translates the rule into a specific amount of QS units for
each sablefish area. This regulation became effective in December, 1996 and therefore had
little impact on 1995 and 1996 sweep-ups transactions. (4) The CDQ regulations are contained in 50
CFR 679.30 and 50 CFR 679.31(b) and(c). The provisions for CDQ compensation are
contained in 50 CFR 679.41(j). (5) See
50 CFR 679.41(i). (6) See 50 CFR 679.41
(j)(3)