Proposed Constitutional Amendment creates the Artificial Reef Development Fund and allows the secretary of the Department of Wildlife and Fisheries to accept and receive grants, donations of monies, and other forms of assistance from private and public sources provided to the state for managing an artificial reef system. Further provides that monies in the fund shall be allocated solely for programs and purposes of siting, designing, constructing, permitting, monitoring and managing an artificial reef system; salaries of personnel assigned to the Artificial Reef Development Program and for related operating expenses; provide funding in association with the wild seafood certification program; and provide funding for inshore fisheries habitat enhancement projects.

Proposed Constitutional Amendment provides that all expended and unencumbered monies in the Artificial Reef Development Fund at the end of the fiscal year shall remain in the fund.