Connecticut General Statutes 23-73 – Definitions
As used in sections 23-74 to 23-80, inclusive:
Terms Used In Connecticut General Statutes 23-73
- Devise: To gift property by will.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) “Appraised value” means the fair market value of property without the consideration of the effect, if any, of dedication or other preservation related restrictions;
(2) “Acquisition” means the acquiring of real property or any interest therein by the department or its cooperators by purchase, gift or devise;
(3) “Commissioner” means the Commissioner of Energy and Environmental Protection;
(4) “Connecticut natural diversity data base” or “data base” means the department’s computer-assisted inventory of threatened or endangered species, natural systems and geologic features;
(5) “Cooperating entity” or “cooperator” means a private nonprofit land-holding organization, a municipal conservation commission or any other body deemed by the commissioner as satisfactorily able to assist in the acquisition of land or able to serve as primary manager;
(6) “Department” means the Department of Energy and Environmental Protection; and
(7) “Program” means the Connecticut recreation and natural heritage trust program created by this section and sections 23-74 to 23-80, inclusive.