253.404. Property, interest limited to estate, or term necessary to preserve and protect. - Missouri Statutes

Property, interest limited to estate, or term necessaryto preserve and protect.

253.404. Any interest in property acquired using the moneysin the historic preservation revolving fund shall be limited tothat estate, agency, interest or term deemed by the department tobe reasonably necessary for the continued protection orpreservation of the property. The moneys in this fund may beused to acquire the fee simple title, but where the departmentfinds that a lesser interest, including any development right,negative or affirmative easement in gross or appurtenantcovenant, lease or other contractual right of or to any realproperty to be the most practical and economical method ofprotecting and preserving historical property, the lesserinterest may be acquired.

(L. 1979 S.B. 127 § 5)