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Easier Marina Operations: Lower Fees and Longer Leases

This act aims to reduce costs for marina operators on lands managed by the U.S. Army Corps of Engineers. This could potentially lead to lower prices for marina users, such as boat docking or fuel access. The act also introduces longer lease periods, which may provide greater stability and predictability for marina businesses.
Key points
Reduced Marina Rental Fees: Changes in how rental fees are calculated could lower operating costs for marinas, potentially leading to lower prices for customers.
Standardized Administrative Fees: Introduction of fixed rates for administrative fees for marinas, with limits of up to $50,000, $5,000, or $1,000 depending on the type of activity, increasing transparency.
Longer Lease Periods: New initial leases will be for at least 50 years, and renewals for at least 25 years, providing greater investment certainty for marina operators.
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Additional Information
Print number: 118_HR_6375
Sponsor: Rep. Comer, James [R-KY-1]
Process start date: 2023-11-13