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2006 SESSION

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SB 238 Land Conservation Fund; unrestricted funds to be allocated equally for certain uses.

Introduced by: Patricia S. Ticer | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Land conservation.  Changes the formula for allocating moneys from the Virginia Land Conservation Fund. Currently, 75% of the Fund is allocated to four uses, with farmlands and forest preservation combined as one use and 25% is transferred to the Open-Space Lands Preservation Trust Fund. Under this bill 90% would be allocated to five uses, with farmlands preservation and forest preservation being separate categories and 10% transferred to the Open-Space Fund. In addition, the amount used to secure easements is reduced.

SUMMARY AS INTRODUCED:

Land conservation.  Specifies that 75% of the Virginia Land Conservation Foundation's unrestricted funds are to be allocated equally to the following five uses: (i) natural area protection, (ii) open spaces and parks, (iii) farmlands preservation, (iv) forest preservation, and (v) historic preservation. Currently, 75% of the unrestricted funds are allocated for four uses, with farmlands and forest preservation combined as one use.