Sec. 209. Lease authority
144 words·~1 min read·
/bill/113/s/2444/enr/section-209·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 93 of title 14, United States Code, is amended by adding at the end the following: The Commandant may lease under subsection (a)(13) submerged lands and tidelands under the control of the Coast Guard without regard to the limitation under that subsection with respect to lease duration. The Commandant may lease submerged lands and tidelands under paragraph
(1)only if— lease payments are— received exclusively in the form of cash; equal to the fair market value of the use of the leased submerged lands or tidelands for the period during which such lands are leased, as determined by the Commandant; and deposited in the fund established under section 687; 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. .