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| 2 | 2 | | SENATE DOCKET, NO. 2310 FILED ON: 1/20/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 587 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Bruce E. Tarr |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act creating the commercial fisheries offshore wind mitigation fund. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Bruce E. TarrFirst Essex and Middlesex 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 2310 FILED ON: 1/20/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 587 |
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| 18 | 18 | | By Mr. Tarr, a petition (accompanied by bill, Senate, No. 587) of Bruce E. Tarr for legislation to |
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| 19 | 19 | | create the commercial fisheries offshore wind mitigation fund. Environment and Natural |
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| 20 | 20 | | Resources. |
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| 21 | 21 | | The Commonwealth of Massachusetts |
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| 22 | 22 | | _______________ |
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| 23 | 23 | | In the One Hundred and Ninety-Third General Court |
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| 24 | 24 | | (2023-2024) |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | An Act creating the commercial fisheries offshore wind mitigation fund. |
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| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 28 | 28 | | of the same, as follows: |
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| 29 | 29 | | 1 Chapter 10 of the general laws as appearing in the 2020 official edition is hereby |
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| 30 | 30 | | 2amended by inserting after section 35PPP the following new section:-“Section 35QQQ |
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| 31 | 31 | | 3 (a)There is hereby established and set up on the books of the commonwealth a |
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| 32 | 32 | | 4separate fund to be known as the Commercial Fisheries Offshore Wind Mitigation. The purpose |
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| 33 | 33 | | 5of this fund shall be to maintain seafood industry resiliency and expand opportunity by |
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| 34 | 34 | | 6developing new fisheries; enhancing existing fisheries; introducing new and efficient |
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| 35 | 35 | | 7technologies; and modernizing physical infrastructure to ensure the seafood industry’s |
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| 36 | 36 | | 8competitiveness in a global marketplace, all of which will upgrade energy efficiency, lower |
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| 37 | 37 | | 9carbon footprints, and improve operational efficiencies. The fund shall consist of: (i) any |
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| 38 | 38 | | 10revenues or other financing sources directed to the fund by appropriation; (ii) bond revenues or |
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| 39 | 39 | | 11other monies authorized by the general court and specifically designated to be credited to the |
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| 40 | 40 | | 12fund; (iii) any income derived from the investment of amounts credited to the fund or repayment 2 of 2 |
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| 41 | 41 | | 13of loans from the fund; (iv) funds from public and private sources including, but not limited to |
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| 42 | 42 | | 14gifts, federal or private grants, donations, rebates and settlements received by the commonwealth |
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| 43 | 43 | | 15that are specifically designated to be credited to the fund; and (v) all other amounts credited or |
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| 44 | 44 | | 16transferred into the fund from any other source. The executive office of energy and |
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| 45 | 45 | | 17environmental affairs shall seek to maximize fund revenues through federal monies, matching |
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| 46 | 46 | | 18funds and grants. The fund shall be administrated by the commissioner of fish and game in |
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| 47 | 47 | | 19consultation with the commercial fisheries commission established by section 79 of chapter 179 |
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| 48 | 48 | | 20of the acts of 2022. Any unexpended balances in the fund at the end of the fiscal year shall not |
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| 49 | 49 | | 21revert back to the General Fund and shall be available for expenditures in the subsequent fiscal |
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| 50 | 50 | | 22year. |
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| 51 | 51 | | 23 (b)Annually, not later than December 1, the commissioner of fish and game shall |
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| 52 | 52 | | 24report on the activities of the fund to the clerks of the house of representatives and the senate and |
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| 53 | 53 | | 25to the house and senate committees on ways and means. The report shall include an accounting |
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| 54 | 54 | | 26of expenditures made from the fund with a description of the authorized purpose of each |
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| 55 | 55 | | 27expenditure, an accounting of amounts credited to the fund and any unexpended balance |
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| 56 | 56 | | 28remaining in the fund |
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