Program requirements.

CFR · 2024-01-01 · US · Title 7

(a) (i) Subject to a written pending offer; or (ii) Owned or in the process of being purchased by the eligible entity as part of an approved buy-protect-sell transaction. (2) To participate in ACEP-ALE, eligible entities as identified in (b) below must submit applications to NRCS State offices to partner with NRCS to acquire conservation easements on eligible land. Eligible entities must enter into an ALE-agreement with NRCS and address the ACEP-ALE deed requirements specified therein, the effect of which is to protect natural resources and the agricultural nature of the land and permit the landowner the right to continue agricultural production and related uses. (3) Under the ALE-agreement, unless otherwise specified in this part, the Federal share of the cost of an agricultural land easement or other interest in eligible land will not exceed 50 percent of the fair market value of the agricultural land easement and the eligible entity will provide a share that is at least equivalent to the Federal share. (4) The duration of each agricultural land easement or other interest in land will be in perpetuity or the maximum duration allowed by State law. (b) (i) A commitment to long-term conservation of agricultural lands, (ii) A demonstrated capability to acquire, manage, and enforce easements, (iii) Sufficient number of staff dedicated to monitoring and easement stewardship, (iv) The estimated easement and related costs and the anticipated sources of funding sufficient to meet th

official document · source cfr-2024 · id 7:§ 1468.20