Kentucky Statutes 67A.841 – Definitions for KRS 67A.840 to 67A.850 and KRS 91A.390
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As used in KRS § 67A.840 to KRS § 67A.850 and KRS § 91A.390, unless the context clearly indicates otherwise:
(1) “Conservation easement” means an interest in land, less than fee simple, which restricts or prevents the development or improvement of the land in the fashion provided in the instrument of conveyance by which the easement is created;
(2) “Development right” means an interest in real property established under a purchase of development rights program which is made severable from the parcel to which the interest is appurtenant and which may be purchased as provided for in the program; and
(3) “Purchase of development rights program” or “PDR program” or “program” means a comprehensive program providing for the establishment and purchase of development rights in accordance with the requirements of KRS § 67A.840 to
67A.850 and KRS § 91A.390.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 372, sec. 2, effective July 15, 1998.
(1) “Conservation easement” means an interest in land, less than fee simple, which restricts or prevents the development or improvement of the land in the fashion provided in the instrument of conveyance by which the easement is created;
Terms Used In Kentucky Statutes 67A.841
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) “Development right” means an interest in real property established under a purchase of development rights program which is made severable from the parcel to which the interest is appurtenant and which may be purchased as provided for in the program; and
(3) “Purchase of development rights program” or “PDR program” or “program” means a comprehensive program providing for the establishment and purchase of development rights in accordance with the requirements of KRS § 67A.840 to
67A.850 and KRS § 91A.390.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 372, sec. 2, effective July 15, 1998.