Western Alaska Community Development Quota Program Technical Corrections Act of 2008 - Amends the Magnuson-Stevens Fishery Conservation and Management Act with respect to the Western Alaska Community Development Quota Program to revise the investment components of the eligibility requirements for participating entities.
Requires an entity to make investments that have a fisheries-related purpose or a purpose for which the entity made an investment before March 1, 2006.
Limits non-fisheries-related investments to the property or other assets located within the Community Development Quota (CDQ) region in which the entity's eligible villages are located, or within the CDQ region in which another entity's eligible villages are located if an investment is made jointly with, or with the approval of, the other entity.