WILLIAM DONALD SCHAEFER, Governor Ch. 238

2.  The extent to which the easement
acquisition will contribute to the continued availability of
agricultural suppliers and markets for agricultural goods; and

3.  The priority recommendations of the
local governing bodies.

[(f)] (G) The foundation may approve general allotted
purchases of easements in a county in any [fiscal year] OFFER
CYCLE not to exceed in aggregate value the amount allotted for
that county under § 2-508(b)(l) for the fiscal year in which such
purchases are made, plus any amount of transferred local open
space funds designated by the local governing body for general
purchases.

[(g)] (H) The foundation may approve matching allotted
purchases of easements in an eligible county in any [fiscal year]
OFFER CYCLE such that the foundation's share will not exceed in
aggregate value the amount allotted for that county under §
2-508(b)(2) for that fiscal year.

[(h)] (I) Upon approval of a majority of the board members
at-large, and upon the recommendation of the State Treasurer and
the Secretary, an application to sell shall be approved, and an
offer to buy containing the specific terms of the purchase shall
be tendered to the landowner. An offer to buy may specify terms,
contingencies, and conditions not contained in the original
application.

[(i)] (J) (1) With respect to allotted purchases, the
foundation shall tender any offer to buy containing the specific
terms of the purchase on or before January 31 of the fiscal year
in which the purchase is to be made FOR THE FIRST OFFER CYCLE AND
JULY 31 OF THE NEXT FISCAL YEAR FOR THE SECOND OFFER CYCLE.

(2)  With respect to additional offers to buy tendered
under § 2-508(c), the foundation may not tender such offers
earlier than [April 1 nor later than May 29 of the fiscal year in
which the purchase is to be made] 30 DAYS AFTER THE COMPLETION OF
ALLOTTED PURCHASES IN EACH OFFER CYCLE.

(3)  A landowner has 30 days from the date of any
offer to buy in which to accept or reject the offer.

[(j)] (K) At the time of settlement of the purchase of an
easement, the landowner and the foundation may agree upon and
establish a schedule of payment such that the landowner may
receive consideration for the easement in a lump sum, or in
installments over a period of up to 10 years from the date of
settlement. At the time of settlement, the foundation shall
notify in writing each landowner who sells an agricultural
easement to the foundation of the schedule of anticipated ranges

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