Conservation Bank Funding
Our Position: support
The Sierra Club is supporting efforts to include $20 million of new funding for the Conservation Bank for purchase of state lands and purchase of conservation easements on Private lands. The Sierra Club is also working to protect the base funding for the Bank, which is derived from real estate transfer fees. The House Ways and Means Committee added $1 million of our $20 Million request.
Bill Number: Conservation Bank
Legislative Session: 07/08
Conservation Bank Funding ( High Priority)
We urge the House Ways and Means Economic Development and Natural Resources Budget Subcommittee (Rep. Adam Taylor, Chair, Rep. Bob Leach, and Rep. Kenneth Kennedy), to make funding for the Conservation Bank a priority.
We are asking the General Assembly to appropriate an additional $20 million for the Conservation Bank next year and to make a serious commitment to incremental installments over the next five years. We consider an increase in funding as a down payment toward protecting our watersheds, working farms, forests and coastal resources.
South Carolinas rapid growth exceeds the amount of land conserved, and project requests far surpass the available funds. Last year, grant requests totaled $42 million, nearly double the $24 million funded.
Over the last three years, the Conservation Bank preserved 134,171 acres of historic and natural properties across the state at an average cost of $523/acre.