Tidelands and submerged lands: exchange agreements.

Existing law authorizes the State Lands Commission to enter into an exchange, with any person or public entity, of filled or reclaimed tidelands and submerged lands or beds of navigable waterways, or interests in these lands, that are subject to the public trust for commerce, navigation, and fisheries, for other lands or interests in lands, if the commission finds that specified conditions are met. Existing law authorizes the commission to free the land or interest in land given in exchange from the public trust. This bill would expressly authorize the commission, with regard to the above described exchange that involves a grantee, to convey lands or interest in lands in that exchange in trust to, and held in title by, the grantee subject to the same public trust requirements and terms and conditions prescribed in the statute providing for the grant of lands or interest in lands to the grantee. The bill would also require that the commission make all those exchange agreements, including descriptions of any land or interest in lands granted to a public entity transferred pursuant to such an exchange agreement, available on its Internet Web site.