FY 26 Approved Operating Budget

STATE AG PRESERVATION FUND SUMMARY

ORIGIN & PURPOSE :

The Maryland Agricultural Preservation Foundation ( MALPF ) was created in 1977 by the Maryland General Assembly to preserve productive agricultural land and woodland , via the Purchase of Development Rights ( PDR ), to provide for the continued production of food and fi ber for all citizens of the State . Preservation of farmland was also intended to help curb the random expansion of urban development . MALPF , along with the Maryland Department of Planning , co - administers the Certi fi cation of Local Agricultural Land Preservation Programs . MALPF is mainly funded with : ◦ a portion of the State ' s Property Transfer Tax , which is assessed on all property transfers ◦ local subdivision matching funds for easement purchases ◦ a State Agricultural Land Transfer Tax , which is imposed on all transfers of title in agricultural land taken out of production . Local subdivisions are required to collect the revenue generated by this tax ; these funds are then shared in the following manner : Maryland counties , without Certi fi ed Agricultural Land Preservation Programs are required to remit two thirds of the revenue to MALPF . They retain one - third for agricultural land preservation purposes . Counties that have a Certi fi ed Local Agricultural Land Preservation Program may retain 75 % of the Agricultural Transfer Tax collected , for preservation purposes , and are required to remit only 25 % to the Foundation .

FUND SUMMARY BY CHARACTER

Ag Pres State Fund Summary by Character

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

SALARIES AND WAGES

$30,000

$30,000

$30,000

$30,000

MISCELLANEOUS

$119,027

$90,089

$240,000

$140,000

$149,027

$120,089

$270,000

$170,000

TOTAL

208