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ID H0408
Bill
AI Summary
- Changes maximum lease term for state public school endowment trust lands from 10 years to 20 years, excluding lands valuable for stone, coal, oil, gas, or other minerals
- Allows leases up to 25 years for federal government, state agencies, counties, cities, school districts, or political subdivisions when leased for public purposes
- Permits leases up to 35 years for residential purposes including single family, recreational cottage site, and homesite leases
- Extends commercial purpose leases to 49 years and removes reference to Conservation Reserve Enhancement Program (CREP) lands from commercial lease provisions
- Specifies that agricultural farming, grazing, conservation (including CREP), noncommercial recreation, oil and gas, mineral, communication site, and single family residential leases are not considered commercial purpose leases
Legislative Description
Amends existing law relating to state endowment trust lands to revise provisions relating to the lease of state endowment trust lands including term of lease provisions and to provide that certain types of leases shall not be considered leases for commercial purposes as it relates to specified law.
ENDOWMENT TRUST LANDS
Last Action
Governor signed Session Law Chapter 61 Effective: 07/01/10
3/18/2010
Committee Referrals
Resources and Environment2/17/2010
Resources and Conservation1/25/2010
Full Bill Text
No bill text available