California Public Resources Code

§ 31116

PRC § 31116 Effective Jan 1, 2020Div. 21 · Ch. 3

Statute text

(a)Funds may be granted to a nonprofit organization under this division if the nonprofit organization enters into an agreement with the conservancy, subject to terms and conditions specified by the conservancy.

(b)In the case of a grant for land acquisition, the agreement shall provide all of the following:

(1)The purchase price of any interest in land acquired by the nonprofit organization may not exceed fair market value as established by an appraisal approved by the conservancy.

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Legislative history

Amended by Stats. 2019, Ch. 469, Sec. 9. (SB 785) Effective January 1, 2020.