Aligns the lease terms for platted and unplatted first-class tidelands and shorelands.

Removes the requirement that the Department of Natural Resources plat unplatted first-class tidelands and shorelands.

Extends the preference rights granted to lessees re-leasing first-class unplatted tidelands and shorelands to those re-leasing platted first-class tidelands and shorelands.

Changes, from one year to three years, the period of nonuse for booming purposes after which a lease of certain tidelands and shorelands is forfeited.