The bill amends existing laws regarding the management and disposal of public property, specifically focusing on the leasing of state-owned land and facilities. It introduces new provisions that authorize the Department of Environmental Management to enter into leases for terms of up to forty (40) years for properties at the Port of Galilee in Narragansett, State Pier #9 in Newport, Chase Marina in Tiverton, and all other ports and marine facilities owned and operated by the department. These leases can be granted for commercial fishing-related purposes and may include various provisions and covenants as determined by the director.

The bill also includes a new section that mandates lessees to report semi-annually on the income generated from leased properties, ensuring transparency and accountability. Overall, this legislation aims to enhance the management of public properties while providing extended leasing options for specific industries. The act will take effect upon passage.

Statutes affected:
3149: 37-7-9, 46-5-10