Board of land commissioners-conservation easements.

08LSO-0258.L1

FISCAL NOTE

No significant non-administrative fiscal impact.

Assumptions:

1) There is little if any liquid monetary value attached to the property rights associated with a conservation easement.

2) Although conservation easements are considered both a contract and a property interest, the easement agreements would not give the Board of Land Commissioners the right or ability to sell or dispose of the easement for financial gain.

3) As the properties proposed for establishment of a conservation easement would not be state trust lands, the passage or non-passage of this legislation will not have any anticipated impact on revenues.

Prepared by:   James, Arnold, OSLI         Phone: 777-6639

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Office of State Lands and Investments