Relating to the Oregon Ocean Science Trust.

HB 4097 authorizes the Oregon Ocean Science Trust to create and maintain a tax-exempt nonprofit organization under federal law (501(c)(3)) to support its mission. The bill directly affects the Oregon Ocean Science Trust by providing a legal mechanism to establish a nonprofit entity without requiring additional legislative approval for each new organization. Key provisions allow the Trust to operate this nonprofit for advancing its purpose, with the organization automatically qualifying for federal tax-exempt status. This is a procedural bill focused on organizational structure, not substantive policy changes to ocean science programs.