Coastal Trust Fund Act: Protecting Shorelines from Storms and Hurricanes
This bill creates a dedicated fund to pay for coastal protection projects like sea walls and beach restoration. It ensures a steady flow of money to keep coastal communities safe from storm damage and rising sea levels.
Key points
Establishes a $1 billion annual fund specifically for coastal storm risk management.
Funds will be used for building, repairing, and maintaining coastal defenses and shorelines.
The money comes from offshore energy revenues, meaning no direct tax increase for citizens.
Focuses on long-term safety and property protection for people living in hurricane-prone areas.
Status:
Introduced
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