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This Act makes provision with respect to the management and administration of public lands. The Act establishes a division within the Department of Land and Natural Resources for the management and administration of public lands and transfers the Pohnpei Public Lands Trust to this division. The Board of Trustees of the Pohnpei Public Lands Trust is hereby continued and recognized as trustees to all rights, title, and interest to public lands in Pohnpei for the benefit of the people of Pohnpei, subject to the obligations and restrictions of the Pohnpei Constitution and the laws of Pohnpei. The Act defines powers, duties, legal capacities and characteristics of the Board and duties and responsibilities of the chief of the Division of Public Land. The Act also provides for the continuation of leases and occupancy by tenants of public land.