Governor Brown Signs Bill Authorizing Non-profits to hold Easements and Endowments

  • News
  • by BPC Staff
  • on October 13, 2011

On October 8, 2011, Governor Brown signed into law Senate Bill (SB) 436 authorizing state and local agencies to transfer funds to a nonprofit organization, special district or land trust that are set aside for long-term management of land acquired as mitigation for a development project.  Sponsored by Senator Christine Kehoe and supported by the California Council of Land Trust and numerous nonprofit organizations, land trusts, conservancies, and applicants caught in the California Department of Fish & Game permit log-jam, SB 436 would provide greater flexibility in identifying the holder of conservation easements and endowments while providing definable criteria for the endowment holder … Read more in the 10/12 Briscoe Ivester & Bazel newsletter.