.03 Purchase of Easement.

If land has development potential for commercial, industrial, or residential use, the Department may purchase, subject to requirements of COMAR 15. 15.01, an agricultural land preservation easement from a landowner. The maximum value that the Department may pay for an easement is the asking price or the difference between the fair market value of the land and the agricultural value of the land, whichever is lower. The Foundation may not purchase an easement from a landowner whose land is already restricted to agricultural use.