1.Lease option. A person may apply for a lease option that conveys the right to file an application for an aquaculture lease under section
6072, 6072-A or 6072-B for a particular area of the submerged lands of the State and for a defined period of time. The department
may not accept an application for an aquaculture lease pursuant to section 6072, 6072-A or 6072-B or an application for a
limited-purpose aquaculture license pursuant to section 6072-C in an area that is under a lease option, except as described
in subsection 2.
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2009, c. 229, §10 (NEW)
.]
2.Other claims of preference. A lease option under this section does not supersede the provisions for application preference in section 6072, subsection
8 and section 6072-A, subsection 12. Competing aquaculture lease applications from persons claiming preference under section
6072, subsection 8 or section 6072-A, subsection 12 must be evaluated by the department to determine if the claim of preference
is valid and, if it is found to be valid, the holder of the lease option may cancel the lease option and receive a fee refund
prorated for the remainder of the term of the lease option.
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2009, c. 229, §10 (NEW)
.]
3.Issuance criteria. The applicant for a lease option under this section must demonstrate that the site is being assessed in good faith for its
suitability for aquaculture and that there is a reasonable likelihood that an application for an aquaculture lease will be
filed during the term of the lease option. The area proposed for lease option may not contain an existing aquaculture lease
or license or include an area that is part of an aquaculture lease or license application under consideration by the department.
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2009, c. 229, §10 (NEW)
.]
4.Fee. The fee for issuance of a lease option under this section may be up to $500 for the first acre plus up to $50 for each additional
acre, the amount to be established in rules adopted by the commissioner. Rules adopted pursuant to this subsection are routine
technical rules as defined in Title 5, chapter 375, subchapter 2-A.
[
2009, c. 229, §10 (NEW)
.]
SECTION HISTORY
2009, c. 229, §10 (NEW).
Data for this page extracted on 10/22/2009 03:22:18.