COMMERCIAL FISHING INDUSTRY IMPROVEMENT FUND GRANT PROGRAM OVERVIEW
INTRODUCTION
One of the primary mitigation measures identified in the Agreement Between Cable Companies and Fishermen, the Commercial Fishing Industry Improvement Fund (the"Improvement Fund") requires each Member Cable Company to annually deposit one hundred thousand dollars per undersea cable project in a special fund for enhancement of Commercial Fisheries, the Commercial Fishing Industry, and Support Facilities. The mission of the Improvement Fund is to award high quality grants that will enhance and assist the Commercial Fishing Industry in San Luis Obispo County. PROCEDURES FOR AWARDING FUNDS At any regular meeting of the Board of Directors, the Board of Directors may approve projects to be funded from the Improvement Fund. To be funded, a project must receive affirmative votes of at least eight members of the Board of Directors. The Board of Directors, in its discretion, may choose the number of projects to be funded and the timing for disbursing funds for approved projects. The Board of Directors may choose to fund a portion of a project or to spread it's funding of a project over a number of years. The Board of Directors may decline to fund any project in any fiscal year. |
2023 Commercial Fishing Industry
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