CSHB 476(TRA): "An Act relating to leases of state-owned or state-controlled airport or air navigational facility land."
00CS FOR HOUSE BILL NO. 476(TRA) 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. The duration of a new lease under this subsection, including any extensions 10 of that lease, may not exceed 55 years. The duration of an extension under this 11 subsection, when added to the lease being extended and to any earlier extensions 12 of the lease being extended, may not exceed 55 years. The commissioner shall 13 approve the application for a new land lease or an extended term under this section 14 without offering the land to other persons for leasing and without regard to the
01 number of the lessee's prior leases or lease extensions for the same land if 02 (1) the lessee is in compliance with the terms and conditions of the 03 existing or holdover lease; and 04 (2) the continued use of the leasehold is consistent with written airport 05 operation policies and is in the state's best interest.