Conn. Gen. Stat. § 7-131g

(b) For purposes of this subsection, the fair market value of land or interest in land shall be determined by one or more appraisals satisfactory to the commissioner and shall not include incidental costs, including, but not limited to, surveying, development or closing costs. The commissioner may consider a portion of the fair market value of a donation of land by an entity receiving a grant as a portion of the matching funds required under this subsection. A grantee may use funds made available by the state, pursuant to subsection (a) of this section, and the federal government to fund not more than ninety per cent of the fair market value of any project funded under the program, except the commissioner may authorize a grantee to use such state funds provided pursuant to subsection (a) of this section and any funds made available by the federal government to fund one hundred per cent of the fair market value of any project funded under said program if the commissioner determines that any of the following conditions exist: (1) The grantee committed or expended significant resources, including, but not limited to, payment of such incidental costs, toward the acquisition and preservation in perpetuity of such land; (2) that the grantee committed or expended significant resources for the care, maintenance or preservation of such land that was consistent with the intent of the open space and watershed land acquisition program, as described in section 7-131d ; (3) that such project will provide a significant recreational opportunity or natural resource protection for the state and is consistent with: (A) The criteria of subsections (b) and (c) of section 7-131d ; (B) the additional considerations set forth in subsection (a) of section 7-131e ; and (C) any written guidelines developed by the commissioner pursuant to said subsection; or (4) that such project is located in an area of the state with a limited amount of land available for such recreational opportunity or natural resource protection and is consistent with: (A) The criteria of subsections (b) and (c) of section 7-131d ; (B) the additional considerations set forth in subsection (a) of section 7-131e , except equitable geographic distribution of such grants; and (C) any written guidelines developed by the commissioner pursuant to said subsection.

(c) Notwithstanding the provisions of subdivision (3) of subsection (c) of section 7-131d , any land that is the subject of the execution or recording of a conservation easement or restriction that resulted from a federally funded land conservation program, municipal conservation grant program or a private conservation grant program, prior to the recording of a permanent conservation easement described in subsection (e) of section 7-131d , shall not be construed to constitute land that has already been committed for public use, provided:

(1) Such prior conservation easement or restriction is executed after the execution of the grant agreement for a grant to preserve such land under the provisions of this section, (2) at the time of the recording of the permanent conservation easement required pursuant to subsection (e) of section 7-131d , any nonfederal holder of any such prior easement subordinates such holder's interests in the land to the interests of the state, (3) such other federal funds, municipal grant funds or private grant funds are used as matching funds for a grant issued under this section, and (4) the Commissioner of Energy and Environmental Protection determines, based on all pertinent circumstances, that the conveyance of such other conservation easement or restriction, in combination with the acquisition of the state's interest under this section, constitutes one concurrent acquisition of property or interests therein.
used as matching funds for a grant issued under this section, and (4) the Commissioner of Energy and Environmental Protection determines, based on all pertinent circumstances, that the conveyance of such other conservation easement or restriction, in combination with the acquisition of the state's interest under this section, constitutes one concurrent acquisition of property or interests therein.

(d) To the extent there is a balance of bonds authorized but not allocated by the State Bond Commission on or after July 1, 1998, pursuant to any bond act for the purposes of (1) the recreation and natural heritage trust program established under sections 23-73 to 23-79 , inclusive, and (2) the municipal open space grant program established under sections 7-131c to 7-131g , inclusive, the State Bond Commission shall authorize the issuance of such balance only for the purposes described in section 23-74 and sections 23-75 and 7-131d and in two substantially equal installments one in each half of the fiscal year commencing with the fiscal year ending June 30, 1999.