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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Establishment.--The Land Trust Reimbursement Program is hereby established.
(b) Reimbursement.--The State board may allocate funds to reimburse land trusts for expenses incurred in acquiring agricultural conservation easements in this Commonwealth.
(c) Eligible expenses.--Eligible expenses include:
(1) Appraisals.
(2) Legal services.
(3) Title searches.
(4) Document preparation.
(5) Title insurance.
(6) Closing fees.
(7) Survey costs.
(d) Limitations.--
(1) Reimbursement shall be limited to $5,000 per easement.
(2) The term of an agricultural conservation easement shall be perpetual.
(e) Eligibility.--To be eligible under this subsection, a land trust shall be an eligible nonprofit entity and shall:
(1) register with the State board;
(2) coordinate agricultural conservation easement purchase activities with the eligible county in which the activity occurs or coordinate such activities with the State board, if the activity does not occur within an eligible county; and
(3) submit an application to the State board, with the statement of costs incidental to acquisition, the deed of easement and any other documentation required by the State board, within 60 days of closing on the easement.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 3 P.S. Agriculture § 914.6. Land Trust Reimbursement Program - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-3-ps-agriculture/pa-st-sect-3-914-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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