Bill > H7673

This bill authorizes the Department of Environmental Management (DEM), which is the state agency responsible for managing environmental resources, to enter into leases for up to forty (40) years for specific port and marine facilities it owns and operates. These facilities include State Pier #9 in Newport and Chase Marina in Tiverton, as well as all other ports and marine facilities under the DEM's control. This change extends the previous twenty (20) year lease limit for these types of facilities, allowing for longer-term agreements, particularly for commercial fishing industry-related purposes, which is intended to facilitate private investment and development in these areas. The bill also clarifies that these extended lease terms apply to the Port of Galilee in Narragansett, and it will become effective immediately upon being passed into law.

Government Affairs

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