PENNSYLVANIA, February 26 - (4) A land trust must provide matching funds equal to

the amount of the reimbursement for the purchase of an

agricultural conservation easement. Up to 50% of the donated

value of the agricultural conservation easement may be used

to satisfy the provisions of this paragraph.

(5) Reimbursement shall not be provided to a land trust

for the expense of an agricultural conservation easement

purchased jointly with the county under section 14.1(b.2)(1).

(6) Reimbursement of transaction expenses shall be

limited to $10,000 per agricultural conservation easement.

(e) Eligibility.--To be eligible under this subsection, a

land trust shall be an eligible nonprofit entity and shall:

(1) register with the State board;

(2) coordinate agricultural conservation easement

purchase activities with the eligible county in which the

activity occurs or coordinate such activities with the State

board, if the activity does not occur within an eligible

county; and

(3) submit an application to the State board, with the

statement of costs [incidental to] of the acquisition and

transaction expenses, the deed of easement and any other

documentation required by the State board, within 60 days of

closing on the easement.

(f) Transfer to county.--The following apply:

(1) If a land trust ceases to exist, an agricultural

conservation easement purchased by the land trust which was

reimbursed for purchase costs under this section shall be

transferred to the eligible county where the agricultural

conservation easement was recorded.

(2) If an agricultural conservation easement under

20210SB0064PN0040 - 5 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30