AN ACT RELATING TO PUBLIC PROPERTY AND WORKS -- MANAGEMENT AND DISPOSAL OF PROPERTY

Summary

The law changes how the state can lease public property, allowing up to 40‑year terms for many ports, marinas, and other sites, and even longer terms for specific projects like railroad layovers. It also requires lessees to report income every six months to state officials. The changes aim to give the state more flexibility to attract private investment while improving oversight of lease revenues.

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