An Act creating the commercial fisheries offshore wind mitigation fund

This bill establishes the Commercial Fisheries Offshore Wind Mitigation Fund in Massachusetts to support the seafood industry as offshore wind projects are developed. The fund will be managed by the Commissioner of Fish and Game and financed through state appropriations, bond revenues, grants, donations, and investment income. Its primary goal is to help the industry adapt by developing new fisheries, improving existing ones, introducing efficient technologies, and upgrading infrastructure. The legislation also requires the Commissioner to submit an annual report detailing how the money is spent and the remaining balance by December 1 each year.