If the funds are used for the acquisition of an agricultural conservation easement or fee title pursuant to a local transfer of development rights program, upon the sale of the easement or fee title and its attendant development rights, the entity that holds the easement shall reimburse the fund by an amount equal to the fair market value of the easement, as determined by an appraisal approved by the department.
Cal. Pub. Res. Code § 10236
California Farmland Conservancy Program
Known as the California Farmland Conservancy Program Act
The act spans §§ 10200 to 10264 (51 sections).
Amended by Stats. 2022, Ch. 502, Sec. 16
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.