#aaith ,,congress #b;d ,session ,s4 #bdih ,,an ,,act ,to authorize the ,secretary of the ,interior to extend certain leases within units of the ,national ,park ,system without opening the lease to bidding4 #a4 ,short title ,this ,act may be cited as the ,national ,park ,system ,long-,term ,lease ,investment ,act4 #b4 ,authorization to extend certain leases 7a7 ,in general ,subject to subsections 7b7 and 7c71 the ,secretary of the ,interior 7acting through the ,director of the ,national ,park ,service7 7referred to in this ,act as the ,secretary7 may extend a lease entered into under part #ah of title #cf1 ,code of ,federal ,regulations 7as in effect on ,january #c1 #bjbe71 without complying with the requirements of section #ah4g1 #ah4h1 or #ah4aj of that part1 if-- 7#a7 the lessee-- 7,a7 entered into the lease not less than #e years before the date on which the extension takes effect2 and 7,b7 is in compliance with the terms and conditions of the lease2 and 7#b7 the ,secretary determines that extending the lease is in the best interests of the administration of the applicable unit of the ,national ,park ,system4 7b7 ,requirement ,before extending a lease under subsection 7a71 the ,secretary shall-- 7#a7 publish a notice1 for a period of not less than #fj days1 inviting letters of interest from other qualified entities to operate the lease on expiration2 7#b7 evaluate any competing letter of interest received under paragraph 7#a7 as compared to the terms offered1 planned capital investment1 and quality of visitor services provided by the incumbent lessee2 and 7#c7 if the ,secretary determines that a competing letter of interest would provide better terms than the continued operation of the incumbent lease-- 7,a7 decline to extend the lease under subsection 7a72 and 7,b7 in lieu of such an extension1 offer the lease for competitive bidding in accordance with sections #ah4g and #ah4h of title #cf1 ,code of ,federal ,regulations 7or successor regulations74 7c7 ,congressional notification required for certain lease extensions ,in the case of a proposed lease extension under subsection 7a7 for a duration of more than #aj years1 the ,secretary may not grant the proposed lease extension until the date that is not less than #cj days after the date on which the ,secretary submits to the ,committee on ,energy and ,natural ,resources of the ,senate and the ,committee on ,natural ,resources of the ,house of ,representatives the proposed lease extension4 7d7 ,mid-term compliance review 7#a7 ,in general ,not later than the date that is the midpoint of the term of a lease extended under subsection 7a71 the ,director of the ,national ,park ,service shall prepare and submit to the ,secretary of the ,interior a report evaluating the compliance by the lessee with the terms and conditions of the extended lease1 including with respect to rent1 maintenance1 insurance1 and permitted-use requirements under the lease and part #ah of title #cf1 ,code of ,federal ,regulations 7or successor regulations74 7#b7 ,review and determination ,not later than #fj days after receiving a report under paragraph 7#a71 the ,secretary of the ,interior shall-- 7,a7 review the report2 and 7,b7 based on the findings included in the report1 determine whether the lessee that is the subject of the report remains in compliance with the terms and conditions of the applicable extended lease4 7#c7 ,termination for noncompliance ,if the ,secretary of the ,interior determines under paragraph 7#b7 that a lessee is not in compliance with the terms and conditions of an extended lease under this section1 the ,secretary of the ,interior may-- 7,a7 terminate the lease extension in accordance with the termination-for-cause or default provisions required under section #ah4ab7;a7 of title #cf1 ,code of ,federal ,regulations 7or a successor regulation72 and 7,b7 after such termination1 make the applicable property available for lease through a request for bids or a request for proposals under section #ah4g or #ah4h1 respectively1 of that title 7or successor regulations74 7#d7 ,rule of construction ,nothing in this subsection limits any other right of the ,secretary of the ,interior to terminate a lease for cause or default in accordance with the terms of the lease or applicable law4 #c4 ,authorization to enter into long-term leases 7a7 ,in general ,notwithstanding the second sentence of section #ah4aj of title #cf1 ,code of ,federal ,regulations 7as in effect on ,january #c1 #bjbe71 the ,secretary may enter into a lease under part #ah of that title with a lease term of not more than #ii years for the redevelopment of ,national ,park ,service property1 the redevelopment costs of which are expected to exceed #ajj1jjj1jjj1 if the ,secretary has determined that entering into the lease is in the best financial needs and interests of the administration of the applicable unit of the ,national ,park ,system4 7b7 ,congressional notification required for certain leases ,in the case of a proposed lease under subsection 7a7 for a duration of more than #fj years1 the ,secretary may not enter into the proposed lease until the date that is not less than #fj days after the date on which the ,secretary submits to the ,committee on ,energy and ,natural ,resources of the ,senate and the ,committee on ,natural ,resources of the ,house of ,representatives the proposed lease4 #d4 ,conforming regulations ,not later than #ij days after the date of enactment of this ,act1 the ,secretary shall revise part #ah of title #cf1 ,code of ,federal ,regulations1 to reflect the authority granted under sections #b and #c4 ,passed the ,senate ,september #cj1 #bjbf4,secretary