Section 286-27-071. What rules apply to the sale of farmland?  


Latest version.
  • (1) Any moneys from the sale of farmland acquired by a city or county in fee simple with farmlands preservation account funds, along with any net income derived from agricultural activities on the property, shall be returned to the farmlands preservation account, or, used by the city or county to purchase interests in additional farmland properties. The city or county may deduct expenses associated with the transaction and management of the property as authorized by the board.
    (2) The sale of the farmland and use of funds to purchase additional farmland properties must be approved by the board.
    [Statutory Authority: 2007 c 241 § 39, RCW 34.05.220, 34.05.230, 42.56.040, 79A.15.030, 79A.15.060, 79A.15.070, 79A.15.120, and 79A.15.130. WSR 14-09-074, § 286-27-071, filed 4/18/14, effective 5/19/14. Statutory Authority: RCW 79A.15.030(8), 79A.15.060(1), 79A.15.070(5), 79A.15.120(4), 79A.15.130(4). WSR 06-05-025, § 286-27-071, filed 2/7/06, effective 3/10/06.]
2007 c 241 § 39, RCW 34.05.220, 34.05.230, 42.56.040, 79A.15.030, 79A.15.060, 79A.15.070, 79A.15.120, and 79A.15.130. WSR 14-09-074, § 286-27-071, filed 4/18/14, effective 5/19/14. Statutory Authority: RCW 79A.15.030(8), 79A.15.060(1), 79A.15.070(5), 79A.15.120(4), 79A.15.130(4). WSR 06-05-025, § 286-27-071, filed 2/7/06, effective 3/10/06.