Fishermen’s Contingency Fund Program

Fishermen’s Contingency Fund Program

Program Name: Fishermen’s Contingency Fund Program

Resource Type: Federal

State: USA

Agency: Program Source: Grant

Description: Compensates fishermen for economic and property losses caused by oil and gas obstructions on the U.S. Outer Continental Shelf. The fund was established in the U.S. Treasury, without fiscal year limitation, as a revolving fund comprised of assessments paid by offshore oil and gas interests. Fishermen who can prove that they suffered losses in income due to inability or reduced capacity to fish as a result of the damage sustained may be eligible for compensation for economic loss and property loss or damage. Compensation for economic loss is based on 50 percent of gross income lost, rather than loss of profits. For 2012 the fund had greater than $1.2 million available.