CA AB2797

Revises nontrust lease terms for San Francisco tidelands designated seawall lots to a maximum of 75 years from initial occupancy date, with all leases terminating by December 31, 2105.

Authorizes the Port of San Francisco to use nontrust lease revenues from Seawall Lot 337 development parcels to make loans ("port advances") to infrastructure financing entities, subject to State Lands Commission approval and repayment within 25 years.

Removes port priority use designation from Pier 48 and portion of Seawall Lot 337 as of January 1, 2017, and includes Pier 48 in the northeastern waterfront special area plan to allow mixed-use development with historic rehabilitation.

Establishes procedures requiring the Port to submit disposition and development agreements to the State Lands Commission for approval of fair market value determinations, financing plans, and port advance repayment assurances for Seawall Lot 337.

Amends the Mission Bay South redevelopment plan to remove Parcel P20 from redevelopment project area oversight requirements, allowing its inclusion in the Seawall Lot 337 development project.