after receiving notification that funds are avail-
able, that shall include the following informa-
tion, if applicable: 
‘‘(i) Objectives and outcomes, with an 
emphasis on addressing the factors con-
tributing to the fishery resource disaster 
and minimizing future uninsured losses, if 
applicable. 
‘‘(ii) Statement of work. 
‘‘(iii) Budget details. 
‘‘(E) REGIONAL
CONTACT.—If so re-
quested, the Secretary shall provide a regional 
contact within the National Oceanic and Atmos-
pheric Administration to facilitate review of 
spend plans and disbursal of funds. 
‘‘(F) DISBURSAL OF FUNDS.— 
‘‘(i) AVAILABILITY.—Funds shall be 
made available to grantees not later than 
90 days after the date the Secretary re-
ceives a complete spend plan. 
‘‘(ii) METHOD.—The Secretary may 
provide an allocation of funds under this 
subsection in the form of a grant, direct 
payment, cooperative agreement, loan, or 
contract. 
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‘‘(iii) ELIGIBLE USES.— 
‘‘(I) IN
GENERAL.—Funds allo-
cated for fishery resources disasters 
under this subsection shall restore the 
fishery affected by such a disaster, 
prevent a similar disaster in the fu-
ture, or assist the affected fishing 
community, and shall prioritize the 
following uses, which are not in order 
of priority: 
‘‘(aa) Habitat conservation 
and restoration and other activi-
ties, including scientific research, 
that reduce adverse impacts to 
the fishery or improve under-
standing of the affected species 
or its ecosystem. 
‘‘(bb) The collection of fish-
ery information and other activi-
ties that improve management of 
the affected fishery. 
‘‘(cc) In a commercial fish-
ery, capacity reduction and other 
activities that improve manage-
ment of fishing effort, including 
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funds to offset budgetary costs to 
refinance a Federal fishing ca-
pacity reduction loan or to repay 
the principal of a Federal fishing 
capacity reduction loan. 
‘‘(dd) Developing, repairing, 
or improving fishery-related pub-
lic infrastructure. 
‘‘(ee) Direct assistance to a 
person, fishing community (in-
cluding assistance for lost fish-
eries resource levies), or a busi-
ness to alleviate economic loss in-
curred as a direct result of a 
fishery resource disaster, particu-
larly when affected by a cir-
cumstance described in para-
graph (5)(D). 
‘‘(ff) Hatcheries and stock 
enhancement to help rebuild the 
affected stock or offset fishing 
pressure on the affected stock. 
‘‘(II) DISPLACED
FISHERY
EM-
PLOYEES.—Where appropriate, indi-
viduals carrying out the activities de-
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scribed in items (aa) through (dd) of 
subclause (I) shall be individuals who 
are, or were, employed in a commer-
cial, charter, or Tribal fishery for 
which the Secretary has determined 
that a fishery resource disaster has 
occurred. 
‘‘(7) LIMITATIONS.— 
‘‘(A) FEDERAL SHARE.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided in clauses (ii) and (iii), the Federal 
share of the cost of any activity carried out 
under the authority of this subsection shall 
not exceed 75 percent of the cost of that 
activity. 
‘‘(ii) WAIVER.—The Secretary may 
waive the non-Federal share requirements 
of this subsection, if the Secretary deter-
mines that— 
‘‘(I) no reasonable means are 
available through which the recipient 
of the Federal share can meet the 
non-Federal share requirement; and 
‘‘(II) the probable benefit of 100 
percent Federal financing outweighs 
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the public interest in imposition of the 
non-Federal share requirement. 
‘‘(iii) 
EXCEPTION.—The 
Federal 
share shall be equal to 100 percent in the 
case of— 
‘‘(I) direct assistance as de-
scribed in paragraph (6)(F)(iii)(I)(ee); 
or 
‘‘(II) assistance to subsistence or 
Tribal fisheries. 
‘‘(B) LIMITATIONS
ON
ADMINISTRATIVE 
EXPENSES.— 
‘‘(i) FEDERAL.—Not more than 3 per-
cent of the funds available under this sub-
section may be used for administrative ex-
penses by the National Oceanographic and 
Atmospheric Administration. 
‘‘(ii) STATE
OR
TRIBAL
GOVERN-
MENTS.—Of the funds remaining after the 
use described in clause (i), not more than 
5 percent may be used by States, Tribal 
governments, or interstate marine fisheries 
commissions for administrative expenses. 
‘‘(C) FISHING CAPACITY REDUCTION PRO-
GRAM.— 
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‘‘(i) IN GENERAL.—No funds available 
under this subsection may be used as part 
of a fishing capacity reduction program in 
a fishery unless the Secretary determines 
that adequate conservation and manage-
ment measures are in place in such fishery. 
‘‘(ii) ASSISTANCE CONDITIONS.—As a 
condition of providing assistance under 
this subsection with respect to a vessel 
under a fishing capacity reduction pro-
gram, the Secretary shall— 
‘‘(I) prohibit the vessel from 
being used for fishing in Federal, 
State, or international waters; and 
‘‘(II) require that the vessel be— 
‘‘(aa) scrapped or otherwise 
disposed of in a manner approved 
by the Secretary; 
‘‘(bb) donated to a nonprofit 
organization and thereafter used 
only for purposes of research, 
education, or training; or 
‘‘(cc) used for another non- 
fishing purpose provided the Sec-
retary determines that adequate 
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