This bill establishes the Commission to Review State-owned Lands and Waterways to identify which state-owned lands or waterways have sacred, traditional or other significance to the Passamaquoddy Tribe, Penobscot Nation, Houlton Band of Maliseet Indians or Mi'kmaq Nation and develop a process to return lands and waterways to the Passamaquoddy Tribe, Penobscot Nation, Houlton Band of Maliseet Indians and Mi'kmaq Nation. The commission must hold public meetings and hearings throughout the State and must accept testimony and written comments from the public in a manner determined by the commission. The commission must invite the participation of stakeholders as determined by the commission and also invite the participation of large private landowners, land trusts and conservation organizations. Beginning in 2024, the commission must submit a report no later than November 15th of each year to the joint standing committee of the Legislature having jurisdiction over conservation matters, the joint standing committee of the Legislature having jurisdiction over inland fisheries and wildlife matters and the joint standing committee of the Legislature having jurisdiction over marine resources matters. The joint standing committees may report out legislation related to the report of the commission.