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What is the Port Divestiture Fund?
The Port Divestiture Fund (or Port Assistance Fund) has been created to ease the
transition to divestiture. It will be used to:
- bring existing port property up to minimum safety or operating standard;
- achieve compliance with regulatory or insurance requirements;
- provide a lump-sum up-front payment to serve as a maintenance fund;
- allow feasibility studies cost-shared with interested parties; and
- assist a group of communities/interests to take over a collection of ports
and save money by rationalizing infrastructure.
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