The bill proposes the establishment of a new chapter, Chapter 33, titled "FRESHWATER LAKE MANAGEMENT PROGRAM," within Title 46 of the General Laws, which is concerned with "WATERS AND NAVIGATION." The purpose of this program is to preserve, protect, and restore Rhode Island's freshwater lakes and ponds by coordinating state and local management actions and providing technical and financial assistance. The bill outlines the legislative findings, emphasizing the importance of Rhode Island's freshwater resources for recreation, flood mitigation, and habitat for wildlife and plants. It also addresses the threats posed by aquatic invasive plants, harmful algal blooms, nutrient enrichment, and other water pollution problems.

The bill defines terms such as "aquatic invasive species," "lake," "pond," "lake association," and establishes the "Rhode Island lake management fund." It details the responsibilities of the Rhode Island Department of Environmental Management, which include developing and implementing a lake management program, conducting field surveys, providing guidance and technical assistance, coordinating lake management actions, and distributing financial assistance for lake management. The bill sets eligibility criteria for entities applying for assistance, excluding projects on privately owned properties without public access, and requires a matching contribution of funds for projects. The Rhode Island lake management fund, a restricted receipt account within the department, will consist of state appropriations, gifts, grants, bequests, donations, or other funds from public or private sources. The act will take effect upon passage.