1. Long-term financial commitments shall be described as encumbrances against conservation futures funds that occur for two or more consecutive years.

2. The conservation futures fund shall be reduced by all long-term financial commitments. Funds that remain shall be available for allocation under this Chapter.

3. The Council may withdraw any purchase and sale agreement that incorporates the use of long-term financial commitments.

4. The Council may specify sources of partial or full funding for long-term financial commitments.

5. The Council shall return any withdrawn long-term financial commitment funds to the conservation futures funds for subsequent allocation under this Chapter.