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