removing the requirement that an executory interest be conveyed to the state of New Hampshire in all easements acquired through the use of LCHIP program funds.

This bill modifies the Land and Community Heritage Investment Program in New Hampshire by removing a rule that required the state to hold a future interest in every easement purchased with program funds. Under the new law, easements acquired through the program will be held directly by the municipalities, political subdivisions, or nonprofit corporations that purchase them, rather than being shared with the state. This change allows local entities to have full ownership of conservation easements without the state retaining a legal claim to the property in perpetuity. The legislation applies specifically to resource assets bought using LCHIP funds and does not alter how the program acquires or restores other types of cultural or historical resources.