SB465
Virginia Land Conservation Foundation; land trusts that have been accredited, etc.
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 ... (More) 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. (Less)-
Bill History
- 01/09/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24103964D
- 01/09/2024 - Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 01/23/2024 - Senate: Impact statement from DPB (SB465)
- 01/30/2024 - Senate: Continued to 2025 in Agriculture, Conservation and Natural Resources (15-Y 0-N)
