Official Summary Text
This Amendment to Senate Bill No. 254 makes several changes to the State Farmland Valuation Advisory Committee.
First, the Amendment increases the length of a Committee member's initial term from 3 to 4 years.
Second, the Amendment increases the number of additional terms a Committee member may serve from 1 to 2.
Third, the Amendment provides that the Committee shall meet once every 6 months, rather than once every quarter.
Fourth and finally, the Amendment adds "qualified farm structures" to the list of categories for which the Committee is required to review its valuation formula and methodology utilized to determine the ranges of fair value.
Current Bill Text
Read the full stored bill text
Legislation Document
SPONSOR:
Sen. Hoffner
DELAWARE STATE SENATE
153rd GENERAL ASSEMBLY
SENATE AMENDMENT NO. 1
TO
SENATE BILL NO. 254
AMEND Senate Bill No. 254 on line 45 by deleting "
3 years
" as it appears therein and inserting in lieu thereof "
4 years
".
FURTHER AMEND Senate Bill No. 254 on line 46 by deleting "
1 additional term
" as it appears therein and inserting in lieu thereof "
2 additional terms
".
FURTHER AMEND Senate Bill No. 254 on line 55 by deleting "
quarter
" as it appears therein and inserting in lieu thereof "
6 months
".
FURTHER AMEND Senate Bill No. 254 on line 63 by deleting "
and forestry land
" as it appears therein and inserting in lieu thereof "
forestry land, and qualified farm structures
".
SYNOPSIS
This Amendment to Senate Bill No. 254 makes several changes to the State Farmland Valuation Advisory Committee.
First, the Amendment increases the length of a Committee member's initial term from 3 to 4 years.
Second, the Amendment increases the number of additional terms a Committee member may serve from 1 to 2.
Third, the Amendment provides that the Committee shall meet once every 6 months, rather than once every quarter.
Fourth and finally, the Amendment adds "qualified farm structures" to the list of categories for which the Committee is required to review its valuation formula and methodology utilized to determine the ranges of fair value.
Author: Senator Hoffner