00HOUSE BILL NO. 476                                                                                                    
01 "An Act relating to leases of state-owned or state-controlled airport or air                                            
02 navigational facility land."                                                                                            
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 02.15.090(c) is amended to read:                                                                  
05  (c)  Notwithstanding the right of the public to rightful, equal, and uniform use                                      
06 under (a) of this section, before the expiration of a land lease, including the                                         
07 termination of a lease in holdover status, entered into under this section, the lessee may                              
08 apply for a new lease, or for an extended term under the existing lease, for the same                                   
09 land.   Only one new lease or extension is allowed under this subsection, and the                                      
10 lessee or the lessee's successors in interest may not apply under this subsection for                                   
11 another new lease or extension for the same land.  Notwithstanding (a) of this                                          
12 section, the new lease or extension may be for up to 55 years.   The commissioner                                      
13 shall approve the application for a new land lease or an extended term under this                                       
14 section without offering the land to other persons for leasing if                                                       

01   (1)  the lessee is in compliance with the terms and conditions of the                                                
02 existing or holdover lease; and                                                                                         
03   (2)  the continued use of the leasehold is consistent with written airport                                           
04 operation policies and is in the state's best interest.                                                                 
05    * Sec. 2.  AS 02.15.090(c), as amended by sec. 1 of this Act, applies to leases that are in                        
06 effect on or after the effective date of this Act, except that the limitation on how many times                         
07 the lessee may apply for a new lease or a lease extension and the limitation on the term of                             
08 the new lease or extension do not apply to a lease if the lease provides differently.