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Ch. 113
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Martin O'Malley, Governor
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(iv) 1. a. A nonstock, nonprofit corporation organized
under the laws of this State exclusively for educational purposes may lease or acquire
not more than two leases consisting of not more than 30 acres each of submerged land
in the Severn River for educational or ecological purposes.
b. a nonstock, nonprofit corporation may
renew a lease acquired under this subparagraph.
2. A. Except as provided in sub-sub-subparagraph B
of this sub-subparagraph. a nonstock, nonprofit corporation organized exclusively for
educational purposes mav not transfer or attempt to transfer any interest in
submerged land acquired under the provisions of sub-subparagraph 1 of this
subparagraph to any person, corporation, or joint stock company.
B. The nonprofit, nonstock corporation mav harvest
oysters in accordance with a harvesting program approved by the Department
provided that any revenues from harvesting are maintained by the nonstock, nonprofit
corporation exclusively for educational or ecological purposes and for the maintenance
and preservation of submerged lands leased bv the nonprofit, nonstock corporation.
(v) 1. a. a nonstock, nonprofit corporation
organized under the laws of this state exclusively for
conservation or ecological purposes may lease or acquire by lease
not more than 30 acres of submerged land in Anne Arundel County
for the purpose of oyster restoration.
b. a nonstock. nonprofit corporation may
renew a lease acquired under this subparagraph.
2. the nonstock, nonprofit corporation
shall adhere to a management plan approved by the department for
the leased submerged land.
3. The nonstock, nonprofit corporation
shall plant a minimum of 250.000 oysters at a density of 1.000.000
oysters per acre.
4. a. a nonstock, nonprofit corporation
may not transfer or attempt to transfer any interest in submerged
land acquired under item 1 of this subparagraph to any person,
corporation, or joint stock company.
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- 1047 -
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