(a) In order for the Foundation to acquire an agricultural lands preservation easement it shall be required that:
(1) The grantor of the preservation easement has fee simple title to the real property and conveys the easement free and clear of all liens and encumbrances; and
(2) The preservation easement is granted in perpetuity in a form acceptable to the Foundation and includes the restrictions set forth in § 909 of this title and such other terms and conditions as specified by the Foundation.
(b) In reviewing applications for the conveyance of agricultural lands preservation easements the Foundation shall consider:
(1) The criteria set forth in § 908(b) of this title; and
(2) The relative agricultural value of the lands and potential for conversion to nonagricultural use; and
(3) The relative cost of acquiring the easement giving due consideration to the extent to which an applicant is willing to discount the sale price below the Foundation’s appraised easement value.
(c) The Foundation may adopt, after public hearing, a system for scoring, ranking and prioritizing consideration of applications submitted for the conveyance of agricultural lands preservation easements. Under any system adopted for consideration of applications submitted for the conveyance of agricultural lands preservation easements, the Foundation shall establish by regulation after public hearing means of creating a priority for acquisition of agricultural lands preservation easements in designated areas which are near or adjacent to growth zones, or border in part the growth zones.
68 Del. Laws, c. 118, § 2; 71 Del. Laws, c. 378, § 97.
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