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3401
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MARVIN MANDEL, Governor
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MARKET VALUE LESS THE AGRICULTURAL VALUE LESS THE ASKING
PRICE BY THE FAIR MARKET VALUE LESS THE AGRICULTURAL
VALUE; AND
(3) ONLY AFTER THE EXPIRATION OF THE PERIOD
ALLOWED FOR ACCEPTANCE OF OFFERS TO BUY UNDER ALLOTTED
GENERAL AND MATCHING PURCHASES.
2-509.
(A) WITH APPROVAL OF THE SECRETARY, THE BOARD
FOUNDATION SHALL ADOPT RULES, REGULATIONS, AND PROCEDURES
FOR THE PURCHASE OF AGRICULTURAL LAND PRESERVATION
EASEMENTS.
(B) THE RULES, REGULATIONS, AND PROCEDURES SHALL
INCLUDE MINIMUM STANDARDS WITH RESPECT TO THE FOLLOWING
ATTRIBUTES OF LAND FOR WHICH EASEMENTS MAY BE PURCHASED:
(1) ACREAGE;
(2) PRODUCTIVITY; AND
(3) LOCATION.
(C) IN DEVELOPING MINIMUM STANDARDS FOR LAND FOR
WHICH EASEMENTS MAY BE PURCHASED, THE BOARD FOUNDATION
SHALL GIVE CONSIDERATION TO THE MINIMUM NUMBER OF ACRES
REQUIRED TO BE IN AGRICULTURAL PRODUCTION WITHIN A GIVEN
AREA WHICH MAY REASONABLY BE EXPECTED TO PROMOTE THE
CONTINUED AVAILABILITY OF AGRICULTURAL SUPPLIERS AND
MARKETS FOR AGRICULTURAL GOODS.
(D), IN DEVELOPING MINIMUM STANDARDS FOR LAND FOR
WHICH EASEMENTS MAY BE PURCHASED, THE BOARD FOUNDATION
SHALL PERMIT PURCHASE OF AN EASEMENT ON LAND WHICH IS
WITHIN THE BOUNDARIES OF ANY WATER AND SEWER SERVICE
DISTRICT EITHER EXISTING OR PROJECTED OR PLANNED TO BE IN
SERVICE WITHIN TEN YEARS AFTER JULY 1, 1977, BUT ONLY IF
THAT LAND IS OUTSTANDING IN PRODUCTIVITY AND IS OF
SIGNIFICANT SIZE, AND IF THE PURCHASE PRICE FOR THE
EASEMENT IS COMPARABLE TO THE PRICE FOR A SIMILAR
EASEMENT ON LAND NOT LOCATED WITHIN SUCH A SERVICE
DISTRICT.
(A) THE FOUNDATION SHALL ADOPT RULES, REGULATIONS
AND PROCEDURES FOR:
(1) ESTABLISHMENT AND MONITORING OF
AGRICULTURAL DISTRICTS:
(2) EVALUATION OF LAND TO BE INCLUDED WITHIN
AGRICULTURAL DISTRICTS; AND
(3) PURCHASE OF EASEMENTS.
(E) RULES, REGULATIONS AND PROCEDURES ADOPTED BY
THE FOUNDATION FOR THE ESTABLISHMENT AND MONITORING OF
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