Provides that, by December 1, 2005, a port district to which the property of a former commercial waterway district was transferred shall report to the chairs of the legislative committees with jurisdiction regarding port property formerly owned by the waterway district. The report shall, to the extent practicable, include the following information: (1) Existing uses of the port property by those using former waterway district property;

(2) A general outline of potential future uses of the public property owned by the port district;

(3) The status of the environmental mitigation and cleanup of the waterway that is required by federal and state law;

(4) The status of the port district's communication to, and work with, those using former waterway district property as of January 1, 2005; and

(5) General terms and conditions of leases the port believes are necessary to give the port adequate control over its property and the general terms and conditions that the port believes will give the current users of the public property continued access to the waterway.

Expires December 31, 2005.