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Marina Access Act: Lower Fees, Longer Leases

New rules aim to reduce costs for marina operators on U.S. Army Corps of Engineers lands. This could lead to lower prices for services for people using marinas, such as boat docking or refueling. The act also introduces longer lease periods, potentially providing more stability for local businesses.
Key points
Reduced rental fees for marinas: Changes in rent calculation may lessen financial burdens for marina operators.
Standardized administrative fees: Introduction of fixed rates for administrative fees, with limits, to prevent unexpected costs.
Longer lease periods: Minimum lease terms for marinas will be extended to 50 years for new and first renewals, and 25 years for subsequent renewals, enhancing business stability.
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Additional Information
Print number: 117_HR_8843
Sponsor: Rep. Comer, James [R-KY-1]
Process start date: 2022-09-15