§ 79.71.050. Transfer of trust land for natural resources conservation areas -- Use of proceeds
The department is authorized to transfer fee simple interest or less than fee interests in trust land, as defined by Article XVI of the Washington Constitution, for the creation of natural resources conservation areas, provided the owner of the trust land receives full fair market value compensation for all rights transferred. The proceeds from such transfers shall be used for the exclusive purpose of acquiring real property to replace those interests utilized for the conservation area in order to meet the department's fiduciary obligations and to maintain the productive land base of the various trusts.
[1991 c 352 § 4; 1987 c 472 § 5.]
Sections: Previous 79.71.010 79.71.020 79.71.030 79.71.040 79.71.050 79.71.060 79.71.070 79.71.080 79.71.090 79.71.100 79.71.120 79.71.130 79.71.900 NextLast modified: April 7, 2009