Sec. 204. Offshore Wind and Fisheries Coexistence Fund
237 words·~1 min read·
/bill/118/s/5441/is/section-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a fund, to be known as the Offshore Wind and Fisheries Coexistence Fund (referred to in this section as the Fund ), to be administered by the Administrator of the National Oceanic and Atmospheric Administration (referred to in this section as the Administrator ). The Fund shall consist of such amounts as are appropriated to the Fund under subsection (c). Amounts in the Fund shall be used to carry out subsection (b). Not later than 1 year after the date of enactment of this Act, the Administrator, in consultation with the Director of the Bureau of Ocean Energy Management, shall— use amounts in the Fund to award grants for research and development of technologies that support the coexistence of offshore wind energy development and other ocean users, including fishing gear and vessel modifications, modifications or updates to radar equipment, and safety equipment or trainings; and in awarding grants under subparagraph (A), prioritize proposals that include coordination and collaboration between different ocean stakeholders and users, including between fishermen and developers.
From the amounts appropriated to carry out this section for a fiscal year, the Administrator shall reserve 2 percent for use by Indian Tribes and Tribal organizations. There is authorized to be appropriated to carry out this section $30,000,000 for each of fiscal years 2025 through 2035, to be deposited in the Fund, to remain available until expended.