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What does PACE stand for?

PACE stands for Purchase of Agricultural Conservation Easements

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PACE - Purchase Of Agricultural Conservation Easements The Kentucky General Assembly in 1994 established the Purchase of Agricultural Conservation Easement Corporation and authorized the state to purchase agricultural conservation easements in order to ensure that lands currently in agricultural use will continue to remain available for agriculture and not be converted to other uses. Although PACE was established to purchase conservation easements, landowners also are encouraged to donate easements in order to dedicate their land to agricultural uses.
Must an applicant have a formal appraisal prepared as a component of a proposal for purchase of an agricultural conservation easement.
The Working Lands Program establishes a new program to provide up to 50% of the cost of purchasing agricultural conservation easements, including transaction costs. Through the Purchase of Agricultural Conservation Easements (PACE) program, the state will provide funding to cooperating local governments or non-profit organizations to purchase easements from willing landowners. Land with an agricultural conservation easement cannot be developed for any purpose that would prevent its use for agriculture.
Purchase of agricultural conservation easement (PACE) programs compensate property owners for restricting the future use of their land. PACE is known as Purchase of Development Rights (PDR) in many locations.
The State Agricultural Land Preservation Board oversees the Agricultural Conservation Easement Purchase Program, reviews, approves and denies recommendations of county boards to purchase agricultural conservation easements and executes the purchase of agricultural conservation agreements on behalf of the Commonwealth. The board consists of five members appointed by the Governor and nine members appointed by the House and Senate leadership.
The County of San Diego has initiated an agricultural conservation program known as the Purchase of Agricultural Conservation Easement (PACE) program. The PACE program is intended to promote the long term preservation of agriculture in the County. The program is based on the framework of what is traditionally referred to as a Purchase of Development Rights (PDR) program. Under the PACE program, willing agricultural property owners are compensated for placing a perpetual easement on their agricultural property that limits future uses and extinguishes future development potential.