The Open Lands Trust (OLT) Program is authorized
for a four year period beginning in FY 2000 to provide grant funding
assistance on a competitive basis to eligible local units of government
for the acquisition of land from willings sellers for public
conservation, open space and natural resource-related recreation purposes.
Funding assistance up to 50% of eligible project costs, or 90% for agencies
qualifying as "economically disadvantaged", is available through the
program. The maximum grant award for any single project is $2.0 million
annually. A conservation easement shall be conveyed to IDNR for all
property acquired with OLT assistance. The deadline date for submitting
applications to IDNR for this program is publicly announced each year.
Applications for grant assistance for
Fiscal Year 2003 must be received by IDNR by September 3, 2002.
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