Bill 118 s 5559, also known as the "Long-Term Leasing Act Amendment," seeks to make changes to the Act of August 9, 1955, which is commonly referred to as the "Long-Term Leasing Act." The purpose of this bill is to allow for leases of up to 99 years for land located within the Mashpee Wampanoag Tribe Reservation and land held in trust for the Wampanoag Tribe of Gay Head (Aquinnah).
The bill aims to provide the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah) with the ability to enter into long-term leases for their respective lands. This would allow the tribes to generate revenue and economic opportunities by leasing their land for various purposes, such as commercial development or residential use.
The proposed amendment to the Long-Term Leasing Act is intended to empower the tribes to make decisions about the use of their land and to promote economic development within their communities. By extending the maximum lease term to 99 years, the bill aims to provide the tribes with greater flexibility and stability in their leasing arrangements.
Overall, the bill seeks to support the self-determination and economic prosperity of the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah) by allowing them to enter into long-term leases for their lands.