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A league can also be a unit of area, used to express the area of land, that is equal to 25 million square varas. A (square) league is equivalent to about 4,428.4 acres (1,792.11 ha). It was used in the archaic system of old Spanish land grants affecting Texas and parts of adjoining states and this use of league is used throughout the Texas ...
This particular type of trust grew in significance over the years and became known as an Accumulation & Maintenance Trust. They came to fall under the purview of s.71 Inheritance Tax Act 1984, which continued their special tax treatment. The Finance Act 2006 took A&M Trusts out of the purview of s.71. Today, A&M Trusts are governed by Pt.
In other cases, the land will remain in private hands, but the trust will purchase a conservation easement on the property to prevent development, or purchase any mining, logging, drilling, or development rights on the land. Trusts also provide funding to assist like-minded private buyers or government organizations to purchase and protect the ...
Though Alabama A&M is Alabama's official 1890 Morrill Act institution, the mission and unique history of Tuskegee are so similar to those of the 1890 institutions that it functions as a de facto land-grant university and is almost universally regarded as one of them. Tuskegee is a land-grant member of APLU, as are Alabama A&M and Auburn.
Conservation easement boundary sign. In the United States, a conservation easement (also called conservation covenant, conservation restriction or conservation servitude) is a power invested in a qualified land conservation organization called a "land trust", or a governmental (municipal, county, state or federal) entity to constrain, as to a specified land area, the exercise of rights ...
Between 1980 and 1995, TPL bought back stock more quickly than it sold land, reducing its outstanding shares by 34% and its land inventory by only 8%, to 1.1 million acres. [9] In 2010, the introduction of hydraulic fracturing and horizontal drilling unlocked oil and gas within the Permian shale, where TPL owned approximately 909,000 acres of land.
The Texas General Land Office (GLO) is a state agency of the U.S. state of Texas, responsible for managing lands and mineral rights properties that are owned by the state. The GLO also manages and contributes to the state's Permanent School Fund .
Disabled Trust Similar to an A&M trust but established for a disabled person. Reverter to Settlor trust A trust where, on the death of the life tenant, the property reverts to the person making the gift. Nil Rate Band Discretionary trust UK inheritance tax is payable at 40% on estates worth over £325,000 for the 2009-2010 tax year.