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Land Entity white Paper November 30, 1999 <br />S. Create a New Non Profit Corporation <br />A new non - profit entity could be established as the land entity. Such an <br />organization could be established under Nebraska law and incorporated as a federal, <br />tax- exempt entity for the purpose of implementing the land protection agenda of the <br />Program. The non - profit corporation would contract with the Governance Committee to <br />carry out the desired portion of the Program's land component, or to perform specific <br />tasks including: negotiations to protect lands, contracting with land conservation <br />organizations and managers, overseeing and contracting for land management and <br />restoration. <br />Advantages <br />• Establishes a new non - profit, public purpose entity specifically for implementing <br />the Program. <br />• Can be structured to involve a number of stakeholders on the Board and to create <br />a balance of federal, state and local interests. <br />• Has the ability to partner with many other groups and organizations and raise <br />funds from charitable and foundation contributions. <br />Disadvantages <br />• A non - profit with broad responsibilities 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 corporation it has less direct accountability to the federal and state <br />parties. <br />• May be more risky and less predictable than working with an existing, known <br />entity. <br />• Capabilities may overlap with existing non - profits. <br />6. Create a Platte River Land Conservancy with FederallState <br />Participation <br />A new Platte River Land Conservancy (PRLC) could be created as a semi- <br />autonomous state entity within the Nebraska state government or by specific charter to <br />implement the land program. The PRLC could either be located within the Nebraska <br />Resources Commission or Nebraska Game and Parks Commission, possibly within one <br />or more Natural Resource Districts, 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 along with local stakeholders, but under Nebraska 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 land protection strategies and contract with other <br />2-3 <br />