[PART II.  ACQUISITION OF IMPORTANT AGRICULTURAL LANDS]

Revision Note

  Part designation added by revisor pursuant to §23G-15.

Cross References

  Acquisition of resource value lands, see chapter 173A.

  Legacy land conservation commission, see §§173A-2.4 to 173A-2.6.

     [§163D-31]  Acquisitions of important agricultural lands authorized by the legislature.  (a)  The legislature may authorize the corporation to acquire agricultural lands for the protection of agricultural lands, public land banking, or the promotion of farm ownership and diversified agriculture.

     (b)  The acquisition shall be authorized by a bill enacted into law and shall contain:

     (1)  A statement of the value of the interest in land as a resource to the State;

     (2)  A description of the specific parcel of land or agricultural easement proposed to be acquired;

     (3)  The name of the owner of the property; and

     (4)  The estimated costs of acquiring the interest in the land.

     (c)  The landowner shall receive payment for the interest in the land in a lump sum, through an installment purchase agreement as determined pursuant to section 163D-32, or from revenues derived from the issuance of revenue bonds pursuant to section 163D-9. [L 2008, c 234, pt of §6]