Development rights program; Board of Farmland Preservation to create lease. (HB848)

Introduced By

Del. Lee Ware (R-Powhatan) with support from co-patron Del. Ed Scott (R-Culpeper)

Progress

√
 Introduced
X
 Passed Committee
√
 Passed House
☐
 Passed Senate
☐
 Signed by Governor
☐
 Became Law

Description

Lease of development rights program. Tasks the Office of Farmland Preservation to create a lease of development rights program. Under such program, properties of 20 acres and larger and that are enrolled in "land use" taxation programs, would be eligible to participate in a lease of development rights program whereby the property owner relinquishes "by right" development for at least seven years in exchange for a contractually agreed upon lease amount. View Full Text »

Outcome

Bill Has Failed
View Bill's History