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2016 SESSION

16102386D
SENATE BILL NO. 298
Offered January 13, 2016
Prefiled January 8, 2016
A BILL to amend and reenact § 28.2-612 of the Code of Virginia, relating to rent for leasing oyster planting grounds.
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Patron-- DeSteph
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Referred to Committee on Agriculture, Conservation and Natural Resources
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Be it enacted by the General Assembly of Virginia:

1. That § 28.2-612 of the Code of Virginia is amended and reenacted as follows:

§ 28.2-612. Payment of annual rental; penalty for default.

The A. Except as provided in subsection B, the applicant shall pay to the Commission annual rent of $1.50 per acre or any fraction thereof, except as provided for the Chesapeake Bay and for bathing ground. Such payment shall be due on September 1 of each year after the date of assignment, plus a ten 10 percent penalty if not paid on or before December 5.

B. On and after July 1, 2016, the annual rent for leasing any planting ground within 1,000 feet of mean low water of residential property shall be $5,000 per acre or any fraction thereof.