Provides that a city with a population of five hundred thousand or greater has sixty days from the effective date of this act to negotiate a lease of aquatic lands with the department. If the city fails to negotiate the lease of aquatic lands, the department of natural resources may impose the lease conditions of a county with a population of one million or greater.

Authorizes the department of natural resources and the city with a population of five hundred thousand or greater to utilize the services of a mediator to ensure the successful negotiation of the leases referenced in this act.

Provides that a city with a population of five hundred thousand or greater may not be granted, nor may it spend, any aquatic lands enhancement account funds until all leases referenced in this act are signed.