Oregon’s law establishes a temporary task force to recommend ways to support sustainable coastal businesses and lets the Ocean Science Trust form a tax-exempt organization.
A temporary task force studies Oregon’s ocean-based economy and recommends ways to support sustainable businesses while protecting coastal ecosystems.
The Oregon Ocean Science Trust may create and maintain a federally tax-exempt organization to advance its mission.
The law establishes a temporary task force to study Oregon’s ocean-based economy and recommend ways to support sustainable businesses. At least 13 members represent lawmakers and coastal research, businesses, fisheries, recreation, tourism, environmental groups, investors, workers, an Oregon State University program, and coastal tribes. The task force may recommend creating a center for the blue economy, but the law does not require one. Appointments must be completed within 60 days after the law took effect, and the first meeting must occur within 90 days. The task force must report by September 15, 2027. The section establishing it expires December 31, 2027.
The law allows the Oregon Ocean Science Trust to create and maintain a federally tax-exempt organization to advance its mission. This authority applies to the Oregon Ocean Science Trust. The organization must qualify for federal income tax exemption under section 501(c)(3) of the Internal Revenue Code.
No hearings or votes scheduled.