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

Summary

The legislation amends state law to allow the leasing or licensing of various state‑owned lands, buildings and facilities for up to 40 years, with special extensions of up to 99 years for railroad layover sites and 40 years for certain port and marine properties. It also mandates that lessees submit semi‑annual income reports to the state properties commission. The changes impact the Department of Environmental Management, the state properties committee and any private parties that lease state property.

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