This bill amends the Natural Resources and Environmental Protection Act by updating several sections related to development rights agreements and easements. Key changes include the specification that development rights agreements or easements must have an initial term of at least 10 years and cannot exceed 90 years. The bill clarifies that the state or local governing bodies cannot dispose of these agreements without the owner's consent and establishes that any lien created in favor of the state or local body is subordinate to previously recorded mortgage liens. Additionally, it introduces provisions for the relinquishment of land from development rights agreements under certain conditions, such as the death or permanent disability of the landowner, and allows for the division of land into smaller parcels while maintaining the original agreement's terms.

Further, the bill outlines the process for renewing development rights agreements, which can be automatically renewed upon the owner's request if they have complied with the requirements. It also details the conditions under which land may be relinquished from these agreements, including the need for local governing body approval and adherence to local zoning regulations. The bill emphasizes that any relinquished land will be subject to a lien for the allocated tax credits received in the past, ensuring that the state retains a financial interest in the land's development rights. Overall, the amendments aim to provide clearer guidelines and protections for landowners while maintaining the integrity of development rights agreements.

Statutes affected:
Senate Introduced Bill: 324.36103