,,ib  ,union ,cal5d> ,no4 #haf  #aae?   
,,congress  #b;d ,session  ,h4 ,r4 #dgca
  ,report ,no4 #aae-ajdi  ,,9 ,,! ,,h\se
 ,,( ,,repres5tatives  ,decemb] #ba1    
#bjag ,ms4 ,plaskett introduc$ ! foll[+ 
bill2 :i* 0 ref]r$ to ! ,committee on   
,natural ,res\rces  ,novemb] #bg1 #bjah 
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$ ,/rike out
 all aft] ! enact+ clause & ins]t ! "p  
pr9t$ 9 italic ,= text ( introduc$ bill1
 see copy ( bill z introduc$ on ,decemb]
 #ba1 #bjag  ,a ,,bill  ,to ext5d !     
reta9$ use e/ate = ! ,caneel ,bay resort
 9 ,/4 ,john1 ,unit$ ,/ates ,virg9      
,isl&s1 & = o!r purposes4  #a4 ,ext5sion
 ( reta9$ use e/ate  7a7 ,ext5sion      
requir$ ,n lat] ?an #ij days aft] a     
reque/ by ! grantor1 ! ,secret>y ( !    
,int]ior %all ext5d ! reta9$ use e/ate 9
 accordance ) ?is section4  7b7         
,requirem5ts ,! ext5sion "u subsection  
7a7 %all-- 7#a7 except z provid$ 9      
p>agraph 7#b71 be effective = ! #fj-ye> 

p]iod beg9n+ on ! date ! reta9$ use     
e/ate w\ld1 b = ! ext5sion "u ?is       
section1 expire2  7#b7 be subject to !  
t]ms ( ! reta9$ use e/ate1 includ+ ! "r 
( ! grantor to t]m9ate ! reta9$ use     
e/ate 9 accordance ) ! t]ms !re(2 &     
7#c7 require ! grantor to pay to !      
,unit$ ,/ates1 9 qu>t]ly in/allm5ts = ! 
p]iod ( ! ext5sion1 fair m>ket value    
r5tal = use ( ! premises = op]ation &   
managem5t ( resort facilities & s]vices 
9 an am\nt equal to--  7,a7 = ea* ( !   
fir/ #ae ye>s ( ! ext5sion1 a p]c5tage (
 ! gross rev5ues ( ! resort 9 accordance
 ) subsections 7c7 & 7d7 to be det]m9$  
no lat] ?an #ij days aft] ! date on :i* 
! ext5sion is grant$ "u subsection 7a7  
by--  7i7 a writt5 agreem5t betwe5 !    
,secret>y & ! grantor2 or  7ii7 if !    
,secret>y & ! grantor are unable to     
agree on su* a p]c5tage by ! date t !   
ext5sion is grant$ "u subsection 7a71   
?r\gh b9d+ arbitration us+ proc$ures    
specifi$ 9 section #ea4ea ( title #cf1  
,code ( ,f$]al ,regulations2 &  7,b7 =  

ea* ye> ( ! ext5sion !reaft]1 ! am\nt   
det]m9$ "u subp>agraph 7,a71 except t-- 
7i7 su* am\nt %all be adju/$ if reque/$ 
by ! ,secret>y or ! grantor2  7ii7 any  
su* adju/m5t %all be det]m9$--  7,i7    
?r\gh a writt5 agreem5t betwe5 !        
,secret>y & ! grantor2 or  7,,ii7 if !  
,secret>y & ! grantor are unable to     
agree on su* an adju/m5t aft] a #fj-;day
 p]iod = negotiation 7or a long] p]iod =
 negotiation agre$ ^u by ! ,secret>y & !
 grantor71 ?r\gh b9d+ arbitration betwe5
 ! ,secret>y & ! grantor us+ !          
arbitration proc$ures specifi$ 9 section
 #ea4ea ( title #cf1 ,code ( ,f$]al     
,regulations2 &  7iii7 no m ?an "o      
adju/m5t may be made "u ?is subp>agraph 
9 any #ae-ye> p]iod4  7c7 ,calculation (
 fair m>ket value r5tal ,! initial      
paym5t requir$ "u subsection            
7b77#c77;,a7 & any adju/m5t "u          
subsection 7b77#c77;,b7 %all reflect !  
fair m>ket value ( a l& lease = hotel   
use1 z det]m9$ by an appraisal by an    
indep5d5t qualifi$ apprais] :o is       

select$ jo9tly by ! ,secret>y & !       
grantor & %all reflect--  7#a7 any      
re/rictions on ! use ( ! prop]ty or t]ms
 ( ! reta9$ use e/ate t limit ! value or
 highe/ & be/ use ( ! prop]ty2  7#b7 any
 am\nts exp5d$ or to be exp5d$ by !     
grantor = pres]vation1 ma9t5ance1       
re/oration 7includ+ site re/oration71   
improvem5t 7includ+ con/ruction71 or    
repair & relat$ exp5ses to ! ext5t t su*
 am\nts are = ! resort2 &  7#c7 ! rema9+
 t]m ( ! ext5d$ reta9$ use e/ate4  7d7  
,paym5ts ,paym5ts "u subsection 7b77#c7 
%all--  7#a7 be due-- 7,a7 except z     
provid$ 9 subp>agraph 7,b71 #fj days    
aft] ! end ( ! applicable qu>t]2 &  7,b7
 9 ! case ( ! la/ qu>t] ( ea* cal5d> ye>
 7or ! la/ qu>t] be=e ! reta9$ use e/ate
 expires71 #ij days aft] ! end ( !      
cal5d> ye> 7or ! end ( ! reta9$ use     
e/ate 9 ! ye> t ! reta9$ use e/ate      
expires72  7#b7 be bas$ on actual gross 
rev5ues = ! prec$+ qu>t]2  7#c7 9 ! case
 ( a paym5t due "u p>agraph 7#a77;,b71  
include any adju/m5t t may be requir$   

aft] an audit ( ! gross annual rev5ues =
 ! prec$+ ye>2 &  7#d7 be deposit$ into 
! ,g5]al ,treasury4  7e7 ,def9itions ,9 
?is section--  7#a7 ea* ( ! t]ms reta9$ 
use e/ate & resort has ! mean+ giv5 su* 
t]m 9 section #a ( ,public ,law #aaa-bfa
 7#af ,u4,s4,c4 #cih;d note72 &  7#b7 ! 
t]m grantor means ! hold] ( ! reta9$ use
 e/ate4  ,novemb] #bg1 #bjah ,report$ ) 
an am5dm5t1 committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union1 &   
ord]$ to be pr9t$