Community Forestry and Agriculture Conservation Act of 2001

This bill aims to make it easier for nonprofit organizations to preserve forests and farmland by allowing them to use tax-exempt bonds to purchase land. Under this legislation, the interest on bonds issued to acquire land and its renewable resources would be tax-free, provided the land is protected by a conservation easement and managed for charitable purposes. For citizens, this would likely result in increased local efforts to protect open spaces, sustainable timberlands, and agricultural areas from development by reducing the financing costs for conservation groups.