(4) A land trust must provide matching funds equal to
the amount of the reimbursement for the purchase of an
agricultural conservation easement. Up to 50% of the donated
value of the agricultural conservation easement may be used
to satisfy the provisions of this paragraph.
(5) Reimbursement shall not be provided to a land trust
for the expense of an agricultural conservation easement
purchased jointly with the county under section 14.1(b.2)(1).
(6) Reimbursement of transaction expenses shall be
limited to $10,000 per agricultural conservation easement.
(e) Eligibility.--To be eligible under this subsection, a
land trust shall be an eligible nonprofit entity and shall:
(1) register with the State board;
(2) coordinate agricultural conservation easement
purchase activities with the eligible county in which the
activity occurs or coordinate such activities with the State
board, if the activity does not occur within an eligible
county; and
(3) submit an application to the State board, with the
statement of costs [incidental to] of the acquisition and
transaction expenses, the deed of easement and any other
documentation required by the State board, within 60 days of
closing on the easement.
(f) Transfer to county.--The following apply:
(1) If a land trust ceases to exist, an agricultural
conservation easement purchased by the land trust which was
reimbursed for purchase costs under this section shall be
transferred to the eligible county where the agricultural
conservation easement was recorded.
(2) If an agricultural conservation easement under
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