This bill relates to natural resources in the state of Minnesota, specifically addressing the sale or lease of boathouse sites at Soudan Underground Mine State Park. It amends prior laws to establish new terms for boathouse leases in Stuntz Bay, which were originally granted to U.S. Steel Corporation employees before the land was transferred to the state in 1965.

Key provisions of the bill include: - Upon the expiration of existing leases, the commissioner of natural resources must offer a new lease to the current leaseholder. - The new lease term will last for the lifetime of the leaseholder and, if transferred, for the lifetime of the transferee. - Lease transfer is allowed only once and must be to a close relative (within the third degree of kindred or a first cousin). - A maximum of two legal-age individuals may be listed as lessees per lease. - Lease payments cannot exceed 50% of the average market rate, which will be reassessed every five years based on comparable private lease rates. - The commissioner may offer alternative lease sites upon agreement with the leaseholder. - The commissioner can either lease or sell the boathouse sites. - Leases may only be canceled for noncompliance with the agreement. - The commissioner must provide a written receipt for each lease payment. - The bill also directs the commissioner to consult with U.S.X. Corporation and local governments regarding the potential inclusion of additional lands into the Soudan Underground Mine State Park.

Overall, the bill aims to regulate and formalize the leasing process for existing boathouse sites while allowing limited transferability and maintaining affordability for current leaseholders.