Authorizes the town of Clarkstown to establish community preservation funds and to impose a real estate transfer tax; repealer
SIGNED CHAP.191
Summary
The town board can establish a Community Preservation Fund funded by a local real‑estate transfer tax and other revenues. Money in the fund is limited to projects that preserve community character, such as parks, farmland, wetlands, historic properties and greenbelts, and must follow a town‑adopted preservation plan. An advisory board of local residents oversees acquisitions and the fund may also support a transfer‑of‑development‑rights program.
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