Section 13:8C-40 - Acquisition, permanent retirement of development easements on farmlanda. The committee may acquire and permanently retire development easements on farmland.b. The committee shall evaluate the suitability of the acquisition of a development easement based upon the eligibility criteria listed in section 24 of P.L. 1983, c.32 (C.4:1C-31) and any other criteria that may be adopted by the committee.c. Appraisals to determine the fair market value of a development easement to be acquired by the committee shall be conducted by appraisers approved by the committee and in a manner consistent with the process set forth in subsection c. of section 24 of P.L. 1983, c.32 (C.4:1C-31).d. Any development easement acquired by the committee shall be held of record in the name of the committee. L. 1999, c. 152, s. 40; c. 405, s. 6, eff. 7/7/2002.