Code · BILL · 113th Congress · H.R. 4005 (Referred in Senate) — To authorize appropriations for the Coast Guard for fiscal years 2015 and 2016, and for other purposes. · Sec. 603

Sec. 603. Lease authority

130 words·~1 min read·/bill/113/hr/4005/rfs/section-603

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Commandant of the Coast Guard may lease under section 93(a)(13) of title 14, United States Code, submerged lands and tidelands under the control of the Coast Guard without regard to the limitation under that section with respect to lease duration. The Commandant may lease submerged lands and tidelands under subsection

(a)only if— lease payments are— received exclusively in the form of cash; equal to the fair market value of the leased submerged lands or tidelands, as determined by the Commandant; and deposited in the fund established under section 687 of title 14, United States Code; and the lease does not provide authority to or commit the Coast Guard to use or support any improvements to such submerged lands or tidelands, or obtain goods or services from the lessee.