Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. The town of Hull, acting by and through its board of selectmen, may, subject to paragraphs (a), (b) and (g) of section 16 of chapter 30B of the General Laws, and on such terms and conditions as the town deems to be in the town's best interests and in keeping with said paragraphs (a), (b) and (g) of said section 16 of said chapter 30B, extend leases with the current lessees or their heirs, assigns and successors for all, or any portion, or any improvement thereto of the Pemberton Pier for a period of not more than 25 years for uses consistent with a pier facility. A lessee of this property, or any portion thereof, or any improvement thereto, shall not sublease the property, portion, or improvement without the prior written approval of the board of selectmen of said town.
SECTION 2. Any further disposition of the Pemberton Pier facility described in section 1, or any portion thereof or improvement thereto, shall be subject to section 16 of chapter 30B of the General Laws.