To amend the Act of August 9, 1955 (commonly known as the "Long-Term Leasing Act"), to authorize leases of up to 99 years for land held in trust for the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah), and for other purposes.

Bill 118 hr 10492, 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 authorize leases of up to 99 years for land that is held in trust for the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah).

The bill aims to provide these tribes with the ability to enter into long-term leases for their land, which can help them generate revenue and economic opportunities. By extending the lease terms to 99 years, the tribes will have more flexibility in developing their land and attracting potential investors.

In addition to authorizing longer lease terms, the bill also includes provisions for other purposes related to land held in trust for these tribes. This could include clarifications on leasing procedures, land use regulations, and other matters that are important for the tribes' economic development and self-governance. Overall, the Long-Term Leasing Act Amendment is intended to support the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah) in their efforts to utilize their land resources effectively and sustainably.