Official Text and Analysis.

Aligns the lease terms for platted and unplatted first-class tidelands and shorelands. Removes the requirement that the Department of Natural Resources plat unplatted first-class tidelands and shorelands. Extends the preference rights granted to lessees re-leasing first-class unplatted tidelands and shorelands to those re-leasing platted first-class tidelands and shorelands.

Strikes section that amended statute governing the lease of platted first-class tidelands and shorelands. Changes the maximum length of initial leases and re-leases of first-class unplatted tidelands and shorelands to 55 years. Changes, from one year to three years, the period of nonuse for booming purposes after which a lease of certain tidelands and shorelands is forfeited. Provides that the maximum length of a lease of bedlands, regardless of the type of of tidelands or shorelands that front upon the bedlands, is 30 years. Changes, from two years to three years, the period of nonuse for booming purposes after which a lease of bedlands is forfeited.

Prohibits the Department of Natural Resources from leasing or re-leasing any first-class tidelands or shorelands that it acquired solely through adverse possession.

Requires the Department of Natural Resources (DNR), as part of its determination of whether it is for the best public interest to offer tidelands or shorelands for lease or re-lease, to conduct an economic impact study of any effects, particularly negative ones, on the state or on local jurisdictions related to the DNR's determination to lease or not to lease the lands.