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2024 SESSION
SB 465 Virginia Land Conservation Foundation; land trusts that have been accredited, etc.
Introduced by: David W. Marsden | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Land Conservation Foundation. Allows land trusts that have been accredited by the Land Trust Accreditation Commission or a similar set of standards and practices adopted by the Virginia Land Conservation Board of Trustees (the Board) to hold an interest in land other than a fee simple interest as a result of a grant or transfer from the Virginia Land Conservation Foundation (the Foundation) without a co-holder. Current law requires that certain interests in land as a result of a grant or transfer from the Foundation be held jointly by a holder and a public body. The bill also allows, whenever a holder acquires fee simple interest in land as a result of a grant or transfer from the Foundation, the Board to accept a reversionary interest in such land as an alternative to a public body holding an open space easement in such land.
FULL TEXT
HISTORY
- 01/09/24 Senate: Prefiled and ordered printed; offered 01/10/24 24103964D
- 01/09/24 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 01/30/24 Senate: Continued to 2025 in Agriculture, Conservation and Natural Resources (15-Y 0-N)