New Hampshire Revised Statutes 486-A:12 – Water Supply Land Protection Grant Match
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 486-A:12
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
The percent match supplied by the water supply land protection grantee for water supply land protection projects shall consist of cash, expenses necessary to complete the transaction including associated legal and transaction costs, donations of source water protection lands or conservation easements assessed at fair market value and protected in perpetuity, or a combination of cash, transaction expenses, and such donations. Gifts of land and interests in land must be held by a water supply land protection grantee.