This bill amends existing law to allow local governments and nonprofit organizations that receive constitutionally dedicated corporation business tax (CBT) revenues to allocate a portion of these funds for administrative expenses related to the acquisition or development of lands for recreation and conservation purposes. Specifically, it permits these entities to use up to three percent of the total cost of acquisition or development for administrative expenses, which include labor costs associated with organizing, negotiating, and managing the acquisition or development process.

Additionally, the bill modifies the grant structure for state funding, increasing the percentage of costs covered for local government units and qualifying nonprofit organizations. It specifies that grants can cover 25% of acquisition costs plus administrative expenses, with potential increases to 50% or 75% under certain circumstances. The bill also outlines the requirements for qualifying nonprofit organizations to receive grants, including demonstrating their charitable status and ensuring public accessibility to the acquired lands. Overall, this legislation aims to enhance the capacity of local governments and nonprofits to manage conservation projects effectively.

Statutes affected:
Introduced: 13:8C-27