Requires SADC and any local board acquiring farmland for preservation purposes to provide partial payment to landowner, in advance of settlement, to demonstrate good faith intent to proceed with settlement and acquisition.

Summary

The bill directs the State Agricultural Development Committee (SADC) and any local board acquiring farmland for preservation to provide a good‑faith advance equal to 20% of the appraised or negotiated price before the sale closes. The advance is deducted from the final purchase price, and if the deal falls through the landowner must repay it, with a lien placed on the property. This aims to encourage timely acquisitions while protecting taxpayer funds.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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