Entrepreneurs argue that if the law—which establishes that vacant lots located within two kilometers of the coastline and 800 meters from lakes and ponds become property of the state—comes into effect, it would generate uncertainty among tourism investors.
Journalist Luis Nunéz wrote in Laprensa.com.ni writes: "This bill will be discussed the first week of June in congress. This puts stress on coastal tourism investment, said national entrepreneurs, because it offers no guarantee that the state will [not] assume ownership of coastal lands in the future."
With the new Coastal Law, local governments would be responsible for granting concessions and permits for tourism development in coastal areas.
The approval of 71 of the 73 articles of the Coastal Law being discussed in Parliament would leave the granting of concessions for tourism development, service delivery, recreational uses and beach use regulations in the hands of local and regional governments.
The Act provides a 50 meter area for public use beginning at the high tide zone and it guarantees respect for acquired private property.
Although it does not repeal Article Two of the Agrarian Law, which private enterprise has called confiscatory, it does establish the autonomy of the Coastal Zone Law in Article 63 and legally acquired private property is respected in this manner.
The Law of Coastal Zones that will regulate the use and access to the coasts of seas, rivers, and lakes would be enacted before Easter Week.
The President of the Commission of Population, Development and Municipalities and Deputy Augustine Jarquín Anaya, informed Elnuevodiario.com.ni: "At the maximum of two months out, it should be approved at the plenary, because it is estimated that it is a law that enjoys consensus after years of public and private consultation with different sectors, plus some coastal native communities."
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