SECTION 69.24. Basic Value

(a) Basic value shall be obtained from the most recent edition of the American Fisheries Society's special publication describing investigation and valuation of fish kills, except:

(1) the basic value for freshwater fish which do not have a basic value published in the most recent edition of the American Fisheries Society's special publication shall be the basic value of a taxonomically or ecologically related species for which a basic value is available.

(2) the basic value for saltwater fish not listed in the American Fisheries Society's special publication shall be the basic value of a taxonomically or ecologically related species for which a basic value is available.

(b) The basic value for shellfish without commercial value and not listed in the American Fisheries Society's special publication shall be the basic value of a taxonomically or ecologically related species for which a basic value is available or, if no such value is available, the basic value of a forage fish.

(c) The basic value is adjusted for inflation by multiplying it by the quotient of the Consumer Price Index in the fiscal year the fish were killed, divided by the Consumer Price Index in the fiscal year data were collected to determine the basic value.

Source Note: The provisions of this §69.24 adopted to be effective October 7, 1996, 21 TexReg 9240; amended to be effective April 4, 2005, 30 TexReg 1953