Submerged Lands


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Submerged Lands

Soil lying beneath water or on the oceanside of the tideland.

Minerals found in the soil of tidal and submerged lands belong to the state in its sovereign right. The federal government, however, has full control over all the natural resources discovered in the soil under the ocean floor beyond the three-mile belt extending from the ordinary low-water mark along the coast.

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72 acres of submerged lands could be leased and added to the total development.
Charlie Crist and the Florida Cabinet voted in November to authorize issuance of a long-term easement on state-owned submerged lands to accommodate the undersea pipeline.
Dore, "Valuation of Submerged Lands," The Appraisal journal, (July 2001): 296-300.
The premise of this technique is that the ratio of the net rent of a dry land site to the net operating income (NOI) of the dry land improved property should be similar to the ratio of the net rent of a submerged land site to the NOI of the submerged land improved property.
Alaska State Senator John Torgerson has introduced a bill into the state legislature which would prohibit leases under the Right of Way Leasing Act on state-owned submerged lands in the Beaufort Sea.
1] In order to accomplish this purpose, waterfront owners were permitted under the act to obtain title to submerged lands adjacent to their uplands by bulkheading, filling, or permanently improving the submerged lands.
1946), the court addressed the applicability of the Butler Act to extensive improvements the Fort Pierce Financing and Construction Company had made to its riparian uplands and the abutting submerged lands.
The Beaufort Sea Area-wide oil & gas lease sale includes offshore and onshore assets and covers approximately two million acres of state-owned tide and submerged lands.
The MODU is the largest derelict vessel ever removed from state submerged lands under authority granted to the Commissioner of the Texas General Land Office.
This potential use by private entities has generated the need for a method of valuing submerged lands by private entities for leasing purposes.
The methodology for submerged lands may be summarized as follows.
The request was made August 28 in a phone call from Jose Bascan of the Governor's Cabinet office to Phil Coram, Chief of the state Department of Environmental Protection (DEP) Bureau of Submerged Lands and Environmental Services.