§60. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2007, c. 301, §1 (NEW).]
1. Farm support arrangement. "Farm support arrangement" means an arrangement that meets requirements established by the department by rule under which:
A. The owner of qualified farmland grants to a municipality a qualified easement; and [PL 2007, c. 301, §1 (NEW).]
B. The municipality obligates itself to make farm support payments. [PL 2007, c. 301, §1 (NEW).]
[PL 2007, c. 301, §1 (NEW).]
2. Farm support payments. "Farm support payments" means annual payments by a municipality during the term of a qualified easement:
A. In an amount up to 100% of the annual property taxes assessed by that municipality against land and buildings subject to a qualified easement up to the fair market value of the easement; and [PL 2007, c. 693, §1 (AMD).]
B. To the person against whom the property taxes are assessed. [PL 2007, c. 301, §1 (NEW).]
[PL 2007, c. 693, §1 (AMD).]
3. Qualified easement. "Qualified easement" means an agricultural conservation easement held by a municipality on qualified farmland in that municipality that:
A. Meets standards adopted by rule by the department designed to ensure that no development other than development related to agricultural use occurs on the qualified farmland; and [PL 2007, c. 301, §1 (NEW).]
B. Is limited to a term of not less than 20 years. [PL 2007, c. 301, §1 (NEW).]
[PL 2007, c. 301, §1 (NEW).]
4. Qualified farmland. "Qualified farmland" means farmland that meets eligibility requirements established by the department by rule.
[PL 2007, c. 301, §1 (NEW).]
SECTION HISTORY
PL 2007, c. 301, §1 (NEW). PL 2007, c. 693, §1 (AMD).
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.