NB_300_23_12 - NB 300-23-12 LTP - Announcing an Update to National Instruction (NI) 300-305 Budget Object Class (BOC) Codes for Use with Conservation Easement Program and Water Bank Program Funds
NB 300-23-12 LTP - Announcing an Update to National Instruction (NI) 300-305 Budget Object Class (BOC) Codes for Use with Conservation Easement Program and Water Bank Program Funds
National Bulletin: 300-23-12  
Date: January 10, 2023 
Subject: LTP – Announcing an Update to National Instruction (NI) 300-305 Budget Object Class (BOC) Codes for Use with Conservation Easement Program and Water Bank Program Funds 


 
Purpose.  To announce the publication of an update to National Instruction (NI) 300-305 “Budget Object Class (BOC) codes for use with Conservation Easement Program and Water Bank Program Funds.”     
 
Expiration Date.  September 30, 2023  
 
Background.   The Easement Programs Division (EPD) published an update to NI 300-305 “Budget Object Class (BOC) codes for use with Conservation Easement Program and Water Bank Program Funds” on January 5, 2023. It provides States and the Easement Acquisition Branch (EAB) with guidance on the BOC codes applicable to financial transactions involving these funds. The guidance has been updated to include Farm Bill 2018 Regional Conservation Partnership Program (RCPP) as an applicable program.        
 
Explanation.   The updated guidance provided in NI 300-305 and the associated exhibit applies to all NRCS conservation easement programs and Water Bank Program financial transactions as of the publication date and supersedes any policy previously published in program manuals.

NI 300-305 delivers instructions on using BOC codes for direct entry and system generated transactions related to:

• Agricultural Conservation Easement Program - Agricultural Land Easements (ACEP-ALE)
• Agricultural Conservation Easement Program – Wetland Reserve Easement (ACEP-WRE)
• Emergency Watershed Protection Program – Floodplain Easements (EWPP-FPE)
• Healthy Forests Reserve Program (HFRP)
• Water Bank Program (WBP)
• Regional Conservation Partnership Program (RCPP) 2014 Covered Programs
• Regional Conservation Partnership Program (RCPP) 2018 Entity Held Easements and US Held Easements

NI 300-305 lists the specific BOC codes applicable to transactions for the above-listed programs. It also identifies whether using a code causes a transaction to be reported on a 1099 form.

 
Contact.  If you have questions or concerns, contact the Policy Branch at Easementsupport@usda.gov.    
 
 

 /s/

  KAREN A. WOODRICH  
  Deputy Chief for Programs, Acting  

 
 
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