The Senate-passed bill would let Interior extend some park leases and offer longer leases for major redevelopment, if the stated conditions are met.
The Interior Secretary may extend some park leases without certain standard lease steps. Other qualified operators get at least 60 days to express interest; a better offer means the lease must go to competitive bids.
The Interior Secretary may offer leases of up to 99 years for park property projects expected to cost more than $100 million, if the Secretary finds a long lease serves the park unit’s financial needs and interests.
The Interior Secretary may extend some existing National Park Service leases without following certain standard lease steps. This applies to leases made under the specified National Park Service rules and to leaseholders who meet the five-year and compliance requirements. The leaseholder must have held the lease for at least five years and must be following its terms. The Secretary must find the extension is in the park unit’s best interests. After at least 60 days for other qualified operators to express interest, the Secretary must compare any offers. If another offer has better terms, the lease cannot be extended this way and must be offered for competitive bids. For an extension longer than 10 years, the Secretary must notify the relevant House and Senate committees at least 30 days before granting it. For an extension longer than 10 years, the Secretary must wait at least 30 days after notifying the relevant House and Senate committees before granting it.
The Interior Secretary may offer a lease of up to 99 years for certain major park property redevelopment projects. This applies to leases of National Park Service property for redevelopment projects meeting the stated cost threshold. The expected redevelopment cost must exceed $100 million, and the Secretary must find the lease is in the park unit’s best financial needs and interests. For a lease longer than 60 years, the Secretary must notify the relevant House and Senate committees at least 60 days before entering into it. For a lease longer than 60 years, the Secretary must wait at least 60 days after notifying the relevant House and Senate committees before entering into it.
No hearings or votes scheduled.