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Land Entity White Paper November 30, 1999 <br />E. Constraints on an Entity Owning Land Under Nebraska Law <br />If Program habitat land is not to be held by a government, the Land Entity will <br />need to be a non - profit to hold lands in Nebraska. Article XII, Sec. 8 of the Nebraska <br />Constitution states that no corporation or syndicate shall acquire an interest in any title to <br />real estate used for farming or ranching. The term "syndicate" is defined very broadly <br />with the intention to exclude anyone other than farmers living on the land and their <br />families. Non - profit corporations are an exception to this prohibition. <br />V. Non -Legal Factors in Evaluating Options <br />In the interviews conducted with the signatories and stakeholders, a number of <br />policy or implementation issues were raised which are not strictly legal but which are <br />important to understanding how various parties will weigh the pros and cons of the land <br />protection options. They may be factors in evaluating whether the various potential Land <br />Entity structures meet Program needs. <br />Legislative Action Required — Given the high profile of the Cooperative Agreement, <br />legislative change may be plausible to accommodate some options that are not within the <br />state or federal authorities as they currently exist and are summarized above and in <br />Appendix A. As a practical matter, however, the more interaction required with federal <br />and state legislative bodies, the longer the process and the more potentially unpredictable <br />the results of such interaction. On the other hand, if achieved, legislative approval of any <br />selected approach will clearly validate the Program. <br />Certainty/Predictability — Concerns exist on all sides at finding a balance between <br />flexibility in decision making and assuring that the Land Entity carries out its tasks in a <br />manner that is consistent with Program intent and agreements, and does not develop an <br />independent mission. <br />Ability to Respond Quickly - In land negotiations, an ability to respond to landowner <br />circumstances quickly may mean the difference between success and failure. <br />Accountability - Activities and expenditures must meet the standards of fiscal <br />accountability and record - keeping of the four signatories. <br />Endangered Species Act - Actions of any Land Entity must meet Endangered Species <br />Act objectives of the Program. The signatories are all concerned that land protection <br />products are high quality, cost effective and a good return for the time and effort <br />expended. <br />Level of land%abitat protection achieved (temporary /permanent) - Some land <br />protection techniques will achieve protection for a term of years or of a temporary nature <br />such as leases and management agreements. Others, such as purchase of conservation <br />0 <br />