Oregon Administrative Rules
Chapter 698 - OREGON WATERSHED ENHANCEMENT BOARD, OREGON AGRICULTURAL HERITAGE PROGRAM
Division 15 - WORKING LAND CONSERVATION COVENANTS AND EASEMENTS
Section 698-015-0160 - Payment Relationship Between Covenants and Easements
Universal Citation: OR Admin Rules 698-015-0160
Current through Register Vol. 63, No. 9, September 1, 2024
If a working land conservation covenant is funded through the Oregon Agricultural Heritage Program and a later application is submitted to the Commission for the same property for a working land conservation easement:
(1) If the term of the covenant has not expired, the fair market value of the easement will be reduced by a proportion equivalent to the time remaining on the covenant.
(2) If the term of the covenant has expired, no reduction of fair market value will be taken for the subsequent easement.
Statutory/Other Authority: ORS 541.984, ORS 541.988, ORS 541.989
Statutes/Other Implemented: ORS 541.977-541.989
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