Establishes the Commercial Fisheries Offshore Wind Mitigation Fund to support the seafood industry.
The bill creates the Commercial Fisheries Offshore Wind Mitigation Fund to support the seafood industry by developing new fisheries, enhancing existing ones, introducing new technologies, and modernizing infrastructure. The fund will receive revenues from various sources, including federal and private grants, donations, and rebates. The executive office of energy and environmental affairs will seek to maximize fund revenues through federal monies, matching funds, and grants. The fund will be administered by the commissioner of fish and game, who will report annually on its activities.
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