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2004 SESSION

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SB 605 Water columns for aquaculture purposes; leasing.

Introduced by: William Bolling | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Leasing of water column. Authorizes the Virginia Marine Resources Commission to lease the water column above certain state-owned bottomlands for aquacultural purposes. In applying for a lease, a person has to identify the size, location and characteristics of the proposed leased area, describe the types of aquaculture structures to be deployed, and provide a five-year development plan detailing the activities to take place in the leased area. There is a $100 application fee for a lease of less than one acre and a $250 fee for a lease of between one to 10 acres. The Commission is empowered to determine the amount of the annual rent, taking into account the actual time that the water column will be used each year. The rent cannot exceed $50 per acre for the first four years of the lease and $250 for the fifth and subsequent years. Each five-year lease may be renewed for an additional five-year period, if the leased area has been aquaculturally productive. The bill has a delayed effective date of July 1, 2005, and is only effective if state funding is included for this specific purpose in the general appropriation act for the period July 1, 2005, through June 30, 2006.


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