1997 Session

Budget Amendments - SB700 (Committee Approved)

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Land Conservation Easements

Item 419 #3s

Item 419 #3s

First Year - FY1997 Second Year - FY1998
Natural Resources
Conservation and Recreation, Department of FY1997 $0 FY1998 $200,000 GF

Page 274, line 2, strike "$15,104,798" and insert "$15,304,798".
Page 276, after line 8, insert:
"L.  Out of the amounts for Leisure and Recreation Services, $200,000 the second year from the general fund shall be transferred to the Virginia Outdoors Foundation.  The Foundation shall use the appropriation to provide financial assistance to landowners wishing to place open space easements on their land and then donate the easements to the Virginia Outdoors Foundation and an appropriate local co-holder.  The Foundation is authorized to pay all or a portion of the appraisal and legal expenses of landowners who lack sufficient financial resources for preparing easement donations.  Up to 15 percent of the appropriation may be used by the Foundation for administrative costs associated with this activity."

(This amendment provides general fund dollars and authorizing language to encourage small landowners to place open space easements on their land by: (1) having the Virginia Outdoors Foundation pay for the necessary appraisal and legal work and (2) allowing the easement to be held jointly between the Virginia Outdoors Foundation and either a local government or nonprofit organization.)