The bill presented aims to reduce fishing license fees for Minnesota residents who are 65 years of age and older. It specifies that the price for an angling license for these seniors will be lowered to $15. Additionally, to counterbalance the financial impact of these reduced fees on the state's Game and Fish Fund, the bill includes a mechanism where the Commissioner of Management and Budget will annually transfer funds from the general fund to the Game and Fish Fund. This transfer amount will be calculated based on the number of discounted licenses sold to seniors and the price difference from the standard fee. This measure is designed to maintain the funding required for managing the state's game and fish resources while providing financial relief to older anglers.