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Land Entity White Paper <br />5. Create a New Non Profit Corparation <br />November 30, 1999 <br />A new non-profit entity could be established as the land entity. Such an <br />organiaation could be established under Nebraska law and incorporated as a federal, <br />tax-exempt entity for the purpose af implementing the land protection agenda of the <br />Program. The non-profit corparation would contract with the Governance Committee to <br />carry out the desired portian of the Program's land camponent, or to perform specific <br />tasks including: negotiations to protect lands, contracting with land conservation <br />arganizarions and managers, overseeing and contracting for land management and <br />restoration. <br />Advantages <br />• Establishes a new non-profit, public purpose entity specifically far implementing <br />the Program. <br />• Can be structured to involve a number of staicehalders on the Board and to create <br />a baiance of federal, state and local interests. <br />• Has the ability to partner with many other grvups and arganizations and raise <br />funds from charitable and foundation contributians. <br />Disadvar:tages <br />• A non-profit with broad respvnsibilities would require federal authorizing <br />legislation. <br />• Creates a new non-profit where there are already several and which has no <br />operational history or staff. <br />• As a non-profit corporatian it has less direct accountability to the federal and state <br />parties. <br />• May be more risky and less predictabie than working with an existing, known <br />entity. <br />• Capabilities may overlap with existing non-profts. <br />f. Create a Plane River Land Cv?rservancy weth FederaUState <br />Participatian <br />A new Platte River Land Conservancy (PRLC) couid be created as a semi- <br />autonomous state entity within the Nebraska state government or by specific charter tp <br />implement the Iand program. The PRLC could either be located within the Nebraska <br />Resources Commission or Nebraska Game and Parks Commissifln, possibly within one <br />or more Natural Resource Disfricts, or could be created as an independent authority. An <br />independent board would govern the PRLC. The board of directors could include state <br />and federal representatives aiong with local stakeholders, but under Nehraska law would <br />need to be "subject to the control" of the participating governments_ The PRLC could <br />have a staff that could both implement tand protection strategies and contraci with other <br />I'A