The Department shall establish a resident consolidated senior sport fishing license, to be issued to residents of Maryland beginning in the calendar year in which they attain the age of 65. The resident consolidated senior sport fishing license may be obtained from the Department or from any authorized agent of the Department. The annual fee for the license is $12. As compensation, an agent shall retain 50 cents for each license issued. A resident consolidated senior sport fishing license shall be valid for 1 year following the date of issuance. A holder of a resident consolidated senior sport fishing license may: Engage in angling on the nontidal waters of the State without holding an angler’s license under § 4–604 of this title; and Fish for finfish in the Chesapeake Bay and its tributaries or in the State waters of the Atlantic Ocean and the Atlantic coastal bays and their tributaries without holding a Chesapeake Bay and coastal sport fishing license under § 4–745 of this title.