SECTION 1. Chapter 29 of the General Laws is hereby amended by adding the following section:-

Section 2BBBBBB. Agriculture and Fishery Vulnerability Preparedness Grant Fund

(a) There shall be established and set up on the books of the commonwealth a separate fund to be known as the Agriculture and Fishery Vulnerability Preparedness Grant Fund. The fund shall be administered by the secretary of energy and environmental affairs, in consultation with the commissioner of the department of agricultural resources and the commissioner of the department of fish and game. The fund shall be credited with: (i) revenue from appropriations or other money authorized by the general court and specifically designated to be credited to the fund; (ii) interest earned on such revenues; and (iii) funds from public and private sources such as gifts, grants and donations. Amounts credited to the fund shall not be subject to further appropriation and any money remaining in the fund at the end of a fiscal year shall not revert to the General Fund; provided, however, that such contributions shall not be further restricted by the donor or used by the commonwealth for any other purpose. Any bond proceeds deposited into the fund shall be kept separate from any and all other funds deposited into the fund.

(b) The public purpose of this fund shall be to administer the agriculture and fishery vulnerability preparedness grant program to support farms and fisheries in Massachusetts to begin the process of planning for climate change adaptation and resiliency and implementing priority projects. In furtherance of this public purpose, the secretary, in consultation with the departments, shall administer the fund as grants to farms and fisheries to support controlled climate growing, energy efficiency, renewable energy, climate resilient management practices, nature-based solutions to climate impacts, infrastructure needs to support climate resilience, development and implementation of data collection and monitoring to measure the impact of these investments, and other eligible purposes as determined by the secretary and the commissioners. Program funds shall be awarded to applicants from each eligible sector proportionate to the amount of funds requested by applicants in each eligible sector. Technical assistance with application submission and program implementation shall be offered to applicants and awardees respectively. 

(c) The secretary shall promulgate rules and regulations for the administration and implementation of subsections (a) and (b). The secretary shall file any policies, rules and regulations with the joint committee on agriculture for review and comment at least 30 days before the effective date of the policies, rules or regulations.

(d) The secretary shall file a quarterly report with the house and senate committees on ways and means, the joint committee on agriculture, and the clerks of the house and the senate on the following: (i) a list of grant applicants and the counties in which they are located, (ii) list of grant recipients and the counties in which they are located, (iii) the amount of funds requested by applicants, (iv) the associated grant amounts, (v) the applicant’s sector as categorized by farm or fishery, (vi) an annual statement detailing the sources and uses of funds, (vii) a forecast of future payments based on current binding obligations, and (viii) a detailed breakdown of the purposes and amounts of administrative costs charged to the fund.

SECTION 2. Section 1 shall take effect immediately upon the passage of this act.