MN SF2926

Allows claimants to elect to change their covenant length to a longer-term covenant without penalty by providing notice to the commissioner.

Claimants with land subject to conservation easements funded under section 97A.056 must maintain a minimum 8-year covenant; all other claimants may choose 8, 20, or 50-year covenants.

Heirs, devisees, or estates have one year after a claimant's death to either terminate enrollment or apply to continue enrollment in the sustainable forest incentive program.

When heirs terminate enrollment, they must repay the commissioner an amount equal to payments received for the number of years the land was enrolled or one-half the covenant length (whichever is less), plus interest, with 90 days to pay or face property tax certification.

Both amendments take effect the day following final enactment.