H.R. 681: 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.

This bill proposes to amend an existing law, known as the Long-Term Leasing Act of August 9, 1955, to allow for longer lease terms specifically for the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah). Here are the main points of what the bill addresses:

Key Provisions

• The bill aims to authorize leases of land held in trust for the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head (Aquinnah) for a duration of up to 99 years.
• This amendment would specifically include these tribes in the existing framework that allows for such leases under the Long-Term Leasing Act.
• The change is significant as it updates the leasing authority intended for these two tribes, enhancing their ability to manage their lands for various purposes, which may include economic development, housing, or community services.

Implications

The bill is expected to provide the Mashpee Wampanoag Tribe and the Wampanoag Tribe of Gay Head more flexibility and stability in leasing their lands. With the capability to lease land for longer periods, the tribes may find it easier to engage in long-term economic planning and attract investment that requires assurance of land use over extended time periods.

Relevant Companies

• None found