LEASE AND USE AGREEMENTSLease and Use • December 17th, 2021
The Public Lands Trust Board of Trustees, hereinafter referred to as “Board,” is empowered and authorized to execute, upon approval of the Governor following consultation with the local government of the jurisdiction wherein the land is located, leases and other use agreements in regard to public lands held in trust by the Board and designated as available for lease or use by Pohnpei law or by resolution of the Pohnpei Legislature to citizens of the Federated States of Micronesia and by corporations wholly owned by said citizens and to corporations and businesses holding valid foreign investment permits in accordance with and subject to the following provisions of this part:
