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2008 SESSION
HB 848 Development rights program; Board of Farmland Preservation to create lease.
Introduced by: R. Lee Ware, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Lease of development rights program. Tasks the Office of Farmland Preservation to create a lease of development rights program. Under such program, properties of 20 acres and larger and that are enrolled in "land use" taxation programs, would be eligible to participate in a lease of development rights program whereby the property owner relinquishes "by right" development for at least seven years in exchange for a contractually agreed upon lease amount.
SUMMARY AS INTRODUCED:
Lease of development rights program. Tasks the Office of Farmland Preservation to create a lease of development rights program. Under such program, properties of 20 acres and larger and that are enrolled in "land use" taxation programs, would be eligible to participate in a lease of development rights program whereby the property owner relinquishes "by right" development for seven years in exchange for a contractually agreed upon lease amount.