First of all, halibut was divided into quotas, not into transferable quotas. We had quotas also in rockfish. With those quotas, you fish what you needed to fish on a full quota, and then after three months they put all of the unfished quota back into the pot. If you were going out fishing again, you signed up, you went out fishing and you were given another allocation of quota.
The unfished quota went back into the government, and the government distributed it again to the bona fide fishers that were going to go fishing. Nobody got a quota who didn't go fishing.
That was the experience for rockfish. That is an example of a different measure of the same kind of control over conservation and access, but the government controls it, and there's no money floating around. Now, of course, the department changed that and made those into transferable quotas, and then part of the integrated groundfish management.
First halibut was transferred and divided into quotas. There were a lot of issues about how it was because it was the first big quota fishery, although abalone had preceded it. Abalone was a disaster because it disappeared, so you had quotas of nothing. Halibut went to ITQs quite quickly.