OAR 695-048-0180: Subsequent Conveyances

Any subsequent conveyance of an estate in fee simple absolute, assignment or modification of a Conservation Easement, tr a n sf er, assignment or modification of a real covenant, equitable servitude, or o ther agreement establish ed for the purposes of protecting, restoring, or enhancing lands for the benefit of a drinkin g water source accomplished through a Protective Instrument acquired with Community Drinking Water Enhancement and Protection Fund monies must: (1) C omply with the requirements of ORS 541.960 as applicable ; be made subject to Board approval and, if applicable, Department of Administrative Services approval ; and ensure that the modification, transfer, conveyance, or assignment shall not result in a Profit ; (2) For an estate in fee simple absolute and C onservation E asements, be transferred, conveyed, or assigned only to eligible applicants or eligible Holders ; and ( 3 ) C omply with the requirements of ORS 4 4 8.370 and OAR Chapter 695, Division 48 .