SSB 5396 -
By Senators Swecker, Hargrove
ADOPTED 03/16/2005
On page 7, beginning on line 20, after "acquisition of" strike "real property interests" and insert "nonperpetual real property interests with terms not exceeding fifty years in duration"
On page 10, line 9, after "interest" strike "in perpetuity" and insert ". However, at least fifty percent of farmland preservation account funds shall be used to acquire nonperpetual real property interests with terms not exceeding fifty years in duration"
EFFECT: Allows funds expended for riparian protection and farmland preservation to be a mix of permanent and nonpermanent measures. Ensures that no more than 50% of the funds are used to acquire a perpetual preservation interest in farmland.