S.B. 3114 Summary

• Adds preference rights for agricultural park lot and non-agricultural park land leases to lessees who have made a significant improvement that furthers commercial agricultural operations, provides public benefit, and continues viable agricultural operations.

• Extends existing preference categories (veterans with honorable discharge, displaced farmers, farms in nonconforming zoning, new farmers) to both agricultural park lots and non-agricultural park land leases.

• Allows lease terms to be extended for up to 55 years for agricultural park lots and 65 years for non-agricultural park land leases when improvements have been made that further commercial agricultural operations.

• Requires the Department of Agriculture to adopt administrative rules defining "significant improvement" as it relates to agricultural and non-agricultural park lease preferences.

• Takes effect upon approval.