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Michigan Administrative Code (Last Updated: November 16, 2016) |
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Department AC. Agriculture and Rural Development |
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Environmental Stewardship Division |
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Chapter Farmland and Open Space Preservation |
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Part 4. TERMINATION OF A DEVELOPMENT RIGHTS AGREEMENT OR |
Section 554.750. Purchase of development rights or acquisition of agricultural conservation easements determination of value.
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When a development rights easement or an agricultural conservation easement is being acquired under section 36111b of the act and the land considered for acquisition is encumbered by a farmland development rights agreement under the act, enrollment in the development rights agreement shall not be used in determining the fair market value under section 36111b(4) of the act.
History: 2013 AACS.