An Act amending the act of June 30, 1981 (P.L.128, No.43), known as the Agricultural Area Security Law, further providing for purchase of agricultural conservation easements, for Agricultural Conservation Easement Purchase Fund and for Land Trust Reimbursement Program.

HB 1059 creates a reimbursement program for land trusts that purchase agricultural conservation easements (permanent restrictions on land use to protect farmland). It allows the state to reimburse land trusts up to $2,500 per acre or 50% of the appraised value for easement purchases (capped at $5,000 per easement) and up to $10,000 for transaction costs like appraisals and legal fees. To qualify, land trusts must register with the state, provide matching funds equal to the reimbursement amount, and meet requirements like securing easements on at least 10 acres with 50% cropland/pasture. The program is funded through an existing Agricultural Conservation Easement Purchase Fund, with $200,000 annually reserved for reimbursements, and unused funds revert to the fund by year-end.