Sec. B-7. Reports. The interagency staff work group with the assistance of the project steering committee shall submit reports and updates on its work to the council as determined by the council. The council shall submit an interim report to the joint standing committee of the Legislature having jurisdiction over marine resources matters no later than January 15, 2006 updating the committee on the status and progress of the council's work. The council shall submit its final report and recommendations to the joint standing committee of the Legislature having jurisdiction over marine resources matters no later than January 15, 2007.

Sec. B-8. Funding. The Director of the State Planning Office shall use funds from the State Planning Office's existing resources and other outside sources for the costs incurred in carrying out the purposes of this Part.

PART C

Sec. C-1. Vision and principles for Maine aquaculture. The Legislature acknowleges that aquaculture is an important and compatible element of Maine's diverse coastal economy. Aquaculture contributes to satisfying global market demands and can benefit local communities and the public interest by producing high- quality products and providing economic opportunities and by operating in an environmentally sustainable fashion. The Legislature also recognizes that the State's planning and regulatory processes should be adaptive, inclusive and fair and should support the growth of the industry in an economically competitive and environmentally sustainable way. The following are guiding principles for aquaculture in Maine.

1. A working waterfront is critical to Maine's coastal future. Marine aquaculture can be a part of Maine's working waterfront.

2. Aquaculture is one of many uses of Maine's coastal environment that can be made compatible with other activities such as commercial fishing and in harmony with natural resources.