California Public Resources Code

§ 32614.5

PRC § 32614.5 Effective Jan 1, 2000Div. 22.8 · Ch. 4

Statute text

(a)The conservancy may award grants to local public agencies, state agencies, federal agencies, and nonprofit organizations for the purposes of this division.

(b)Grants to nonprofit organizations for the acquisition of real property or interests in real property shall be subject to all of the following conditions:

(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

Added by Stats. 1999, Ch. 789, Sec. 1. Effective January 1, 2000.