HB770

Louisiana HB770 reduces the term of oyster leases on state water bottoms from 15 years to five years.

Louisiana HB770 amends existing law to decrease the term of oyster leases on state water bottoms from 15 years to five years. The bill applies to new leases and lease renewals executed or automatically renewed after the effective date. The secretary of the Department of Wildlife and Fisheries has 60 days from the date of lease expiration to execute a renewal lease. If not executed within this period, the lease is automatically renewed. The changes only apply to leases executed or renewed after the bill's effective date.