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Joint session today for two proposed lease extensions
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Posted on Feb 26 2012
The House of Representatives and Senate are set to hold a 10am joint session today to act on two proposed 15-year extensions to 25-year leases on parcels of public lands.
V&C Enterprises is requesting a 15-year extension to its lease agreement involving public lands in San Roque.
L&T Group of Companies Ltd.-REM International Inc. also seeks a 15-year extension to a lease of parcels of public land in Lower Base.
The Department of Public Lands recommended approval of the two proposed land lease extensions.
The House Committee on Natural Resources and the Senate Committee on Resources, Economic Development and Programs, which reviewed the proposals, also recommended extension of the two land leases. The two committees offered Joint Session Resolution 17-6 for V&C Enterprises and JSR 17-7 for the L&T Group of Companies.
Any lease and extension of lease of public land consisting of more than 5 hectares requires legislative approval.
The last time the House and Senate held a joint session was to act on Suwaso Corp.’s proposed 15-year extension on its 25-year public land lease for Coral Ocean Point Golf Resort. The extension passed on a 24-0 vote, with two abstentions, one voting “present” and two absences.
They also approved South Pacific Lumber’s proposed 15-year land lease extension for two of its leases in Lower Base.
