This Chapter authorizes the district administrator of each administrative district to execute leases and other use agreements of public land of a duration of not more than 25 years to Trust Territory citizens or corporations or other business associations wholly owned by citizens of the Trust Territory. Such leases or other use agreements shall be on forms approved by the Attorney General and shall be granted in accordance with the policies established by Law or by Regulations issued by the Land and Claims Administrator and approved by the High Commissioner.

This Chapter declares the national policy to preserve for public use historic sites, buildings and objects of territorial significance for the inspiration and benefit of the people of Micronesia, establishes the Historic Sites Commission and defines functions and powers of the Commission and the Deputy Director for Resources and Development in respect of the preservation of historical sites and artefacts. The Deputy Director may acquire land with the consent of the owner.

This Chapter concerns rights over private lands previously held by the Government under “indefinite land use agreements” concluded during administration of the United States of the State of Chuuk but which are currently held to be unjust. The purpose of this Chapter is to authorize the Governor to enter into more equitable lease agreements for the retention of lands required by the Government for public use.