Washington Administrative Code Title 298 - Leased Tidelands Valuation Boards
Washington Administrative Code – Title 298: Leased Tidelands Valuation Boards
Overview:
Title 298 of the Washington Administrative Code (WAC) pertains to the Leased Tidelands Valuation Boards, which are entities responsible for determining the fair market rental value of state-owned tidelands and shorelands that are leased—often for uses like marinas, docks, aquaculture, or other commercial operations.
Key Functions of the Boards:
Assessment of Lease Values: The boards evaluate and establish fair market rental rates for leased tidelands.
Review Process: They may be involved in reviewing appeals or disputes over valuations made by the Department of Natural Resources (DNR).
Recommendations: They can make recommendations to the Commissioner of Public Lands or DNR based on their findings.
Purpose:
To ensure that publicly owned aquatic lands are leased at appropriate market-based rates, preserving the interests of Washington State citizens while supporting sustainable economic use of marine and shoreland resources.
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