H.R. 7973 directs the Secretary of Commerce to establish a federal grant program supporting coral reef restoration efforts in South Florida, including activities like breeding coral for genetic diversity and relocating coral fragments to damaged reefs. The program would award grants to states, local municipalities, nonprofit organizations, and nongovernmental organizations, with a $1 million annual cap per recipient, and can also reimburse entities for restoration work completed within the previous five years. The bill authorizes $5 million in annual funding for the program spanning fiscal years 2024 through 2028, totaling $25 million if fully funded. The legislation specifically covers restoration work in the South Florida Water Management District region, Biscayne Bay, Florida Bay, the Indian River Lagoon, and the Florida Reef Tract.
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