Land use: mitigation lands.

The Planning and Zoning Law provides that if a state or local agency requires a person to transfer to that agency an interest in real property to mitigate the environmental impact of a project or facility, that agency may authorize specified entities to hold title to and manage that interest in real property, as well as any accompanying funds, provided those entities meet specified requirements. Existing law requires any conservation easement created as a component of satisfying a local or state mitigation requirement to be perpetual in duration, as specified. This bill would make a technical, nonsubstantive change to this requirement.