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Controlling Board approves phased acquisition of AEP lands for state conservation effort
Summary
The board approved a phased purchase of lands from AEP, funded largely by federal dollars with a 25% state match, as part of the Department of Natural Resources' multi-year Appalachian acquisitions.
Ohio Controlling Board, Aug. 25 — The Department of Natural Resources secured Controlling Board approval for a phased acquisition of lands from American Electric Power (AEP) to add to state-managed conservation lands in the Appalachian region, with most of the purchase funded by federal sources and a 25 percent state match. Brian Frazee said this acquisition is the third phase of a multi-year series of purchases in the same area. Previous phases included acquisitions of 844 acres and 1,341 acres in prior fiscal years; the item before the board was part of a phased purchase operated under a multi-year purchase agreement with AEP. Frazee said the current portion is funded 75 percent with federal funds and 25 percent state match. Why it matters: The phased acquisitions expand public conservation lands and are part of a longer program of purchases in the region.…
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