The administrative costs for managing the SLER will
probably be high at first because of the costs of establishing
the co-management Forum. However, after a while, if the
policy is well designed, the system may be financially selfsustaining.
That is, revenues from selling licenses and
charging fees to transgressors may be able to cover all
administrative costs. Initial costs for setting up a Forum
may include costs related to building the ability of both
government and non-government personnel (including
fishers), administrative infrastructure (including physical
space and technological resources), and preliminary research
to define who are the local fishers and other major
stakeholders. Government expenditures could be used for
these purposes. Annual administrative costs would encompass
costs of resource monitoring and other information
gathering to decide upon license prices and policy design
from year to year, costs of regulation enforcement, and
costs of running the Forum and its meetings.