15A NCAC 01F .0102. DEFINITIONS

For the purpose of this Subchapter:

(1)           "Conservation Value" means potential for the preservation, enhancement, and appropriate conservation use of the state's natural resources.

(2)           "Donated Property" means interest in real property located in North Carolina contributed to the state, local government, or qualified environmental organization for conservation and which provides a perpetual public benefit.

(3)           "Public Benefit" means public beach access or use, public access to public waters or trails, fish and wildlife conservation, or other similar land conservation purposes.

(4)           "Qualified Environmental Organization" means a group of individuals that is chartered for the preservation and conservation of the environment and natural resources in the state.  The group must be organized to receive and administer lands for conservation purposes and qualified to receive charitable contributions.

(5)           "Recipient" means a unit of state or local government, or a qualified environmental organization that receives property of conservation value for its perpetual public benefit.

(6)           "Donor" means a North Carolina tax payer who contributes property of conservation value and receives a tax credit for his contribution.

(7)           "Certification" means an approval from the Department that a proposed donation is suitable and will continue to fulfill stated conservation purposes.

 

History Note:        Authority G.S. 105‑151.12(a); 105‑130.9; 105‑147(15);

105‑147(16); 143B‑276;

Eff. November 1, 1984.