sec.53BPlan period

### sec.53B Plan period The proposed plan must state its period. The stated period must not be longer than— if the remaining term of the lease is less than 5 years from the day the current plan period for the lease ends—the remaining term of the lease; or if the remaining term of the lease is 5 years or more from the day the current plan period for the lease ends—5 years from the day the current plan period for the lease ends. In this section— current plan period , for a lease, means the plan period for the current development plan for the lease. s 53B ins 2004 No. 26 s 34 amd 2007 No. 46 s 141 ; 2024 No. 33 s 150 (sec.53B-ssec.1) The proposed plan must state its period. (sec.53B-ssec.2) The stated period must not be longer than— if the remaining term of the lease is less than 5 years from the day the current plan period for the lease ends—the remaining term of the lease; or if the remaining term of the lease is 5 years or more from the day the current plan period for the lease ends—5 years from the day the current plan period for the lease ends. (sec.53B-ssec.3) In this section— current plan period , for a lease, means the plan period for the current development plan for the lease. - (a) if the remaining term of the lease is less than 5 years from the day the current plan period for the lease ends—the remaining term of the lease; or - (b) if the remaining term of the lease is 5 years or more from the day the current plan period for the lease ends—5 years from the day the current plan period for the lease ends.