SB2936

Report Title:

Ocean Leasing

Description:

Continues certain ocean leasing provisions to July 1, 2009.

THE SENATE	S.B. NO.	2936
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

A BILL FOR AN ACT

 

relating to ocean leasing.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Act 176, Session Laws of Hawaii 1999, is amended by amending section 11 to read as follows:

"SECTION 11. The amendments made to chapter 190D, Hawaii Revised Statutes, by this Act shall be repealed [five] ten years after the effective date of this Act; provided that sections 190D-2, 190D-3, 190D-11, 190D-21, 190D-22, 190D-23, 190D-32, 190D-33, and 190D-34 shall be reenacted in the form in which they read on the day before the approval of this Act. The leases granted during the period in which this Act is effective, in addition to any terms agreed to therein, shall remain in force throughout the term of the lease and shall not be affected by the repeal of this Act upon the tolling of the [five-year] ten-year drop dead period."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________