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Relating to the management, control, and use of the surface estate in certain state-owned submerged lands and islands so as to insure the conservation of the marine resources of the state and the development of a submerged lands and islands management program dedicated to the preservation and utilization of such natural resources of the state in the public interest; placing estuaries and estuarine areas under the same management and control; transferring the functions of the county commissioners court and city governing bodies to the Submerged Lands Advisory Committee; requiring Submerged Lands Advisory Committee action on each application for the establishment of bulkhead lines and lease of state-owned submerged lands within such bulkhead lines; providing for limitation on the right of the School Land Board to lease submerged lands other than for oil, gas, and other minerals for more than five years without cost of living and reappraisal adjustments and providing that no such lease may be granted for more than 50 years.