PRINTER'S NO. 431
No. 414 Session of 2001
INTRODUCED BY HERSHEY, ARMSTRONG, M. BAKER, BELFANTI, BUNT,
CAPPABIANCA, COY, FAIRCHILD, FEESE, GABIG, GRUCELA, HERMAN,
KREBS, LAUGHLIN, LYNCH, MAITLAND, MARSICO, NAILOR, ORIE,
PHILLIPS, READSHAW, ROHRER, RUBLEY, SCHULER, SHANER,
B. SMITH, SOLOBAY, STEIL, E. Z. TAYLOR, WILT, WOJNAROSKI,
YOUNGBLOOD, FREEMAN, ARGALL, GEIST, BARD, HENNESSEY, FRANKEL,
SEMMEL, BENNINGHOFF, HORSEY, HESS, DALLY, CLYMER, ROSS,
EGOLF, MARKOSEK, SCHRODER, STEELMAN, STERN, MAJOR, BASTIAN,
R. MILLER, SAYLOR AND LEH, JANUARY 31, 2001
REFERRED TO COMMITTEE ON AGRICULTURE AND RURAL AFFAIRS,
JANUARY 31, 2001
AN ACT
1 Amending the act of June 30, 1981 (P.L.128, No.43), entitled "An
2 act authorizing the creation of agricultural areas," further
3 providing for purchase of agricultural conservation
4 easements.
5 The General Assembly of the Commonwealth of Pennsylvania
6 hereby enacts as follows:
7 Section 1. Section 14.1 of the act of June 30, 1981
8 (P.L.128, No.43), known as the Agricultural Area Security Law,
9 is amended by adding a subsection to read:
10 Section 14.1. Purchase of agricultural conservation easements.
11 * * *
12 (l) Purchases from certain charitable trusts.--Nothing in
13 this section shall prohibit the State board or the county board
14 from purchasing an agricultural easement held in a pooled income
15 fund, charitable remainder annuity trust or charitable remainder
1 unitrust, as defined in sections 642(c)(5) and 664 of the
2 Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. §§
3 642(c)(5) and 664). The State board and county board shall apply
4 the same standards, criteria, procedures, limitations and
5 requirements to evaluate and purchase agricultural conservation
6 easements held in a pooled income fund, charitable remainder
7 annuity trust or charitable remainder unitrust as are applicable
8 under this section for evaluation and purchase of agricultural
9 conservation easements generally.
10 Section 2. This act shall take effect immediately.
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