About This Practice
This guidance covers Practice 3D, which includes one element:
⬤ The board reviews and approves every land and conservation easement transaction
a. ⬤ However, the board may delegate decision-making authority on transactions if:
⬤ i. It establishes written policies or has bylaws provisions that define the limits to the authority given to the delegated entity
⬤ ii. The delegated entity provides timely notification in writing to the full board of any completed transactions
⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both
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