FISHING/OYSTERS: Decreases the term of oyster leases on state water bottoms

HB 770 reduces the maximum term for oyster leases on Louisiana state waters from 15 years to a shorter duration. It applies only to new leases and renewals executed after the law's effective date, not to existing leases. Leaseholders would need to renew their leases more frequently under this change. The bill maintains renewal rights but shortens each lease period, with resurvey requirements for lease configuration changes.