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The Board may approve the designation as proposed, approve the designation subject to conditions , or deny the designation . (excerpt from "Preserving the Orange Tradition : A Landmark Designation Program for Orange County) National Register The listing of a property in the National Register places no obligation or restriction on a private owner using private resources to maintain or alter the property . A private owner of a National Register property becomes obligated to follow federal preservation standards only if federal funding of licensing is used in work on the property , or if the owner seeks and receives a special benefit that derives from National Register designation , such as a grant or a tax credit described below . Consideration and Protection in Public Planning All properties and districts listed in or eligible for listing in the National Register are considered in the planning of federal undertakings such as highway construction and Community Development Block Grant projects . "Federal undertakings " also include activities sponsored by state or local governments or private entities if they are licensed or partially funded by the federal government . "Federal undertakings " do not include loans made by banks insured by the FDIC or federal farm subsidies . ide absolute protection from federal actions that may National Register listing does not prov affect the property . It means that if a federal undertaking is in conflict with the preservation of a National Register property , the North Carolina Historic Preservation Office will negotiate with the responsible federal agency in an effort to eliminate or minimize the effect on the historic property. This review procedure applies to properties that are determined eligible for the National Register in the day-to- day environmental review process as well as those actually listed in the National Register. Similarly, North Carolina law (G . S . 121 - 12a) provides for consideration of National Register properties in undertakings funded or licensed by the state . Where a state undertaking is in conflict with the preservation of a National Register property, the North Carolina Historical Commission is given the opportunity to review the case and make recommendations to the state agency responsible for the undertaking . The commission ' s recommendations to the state agency are advisory. (excerpt from SHPO National Register Fact Sheet) Tax Benefits and Application Assistance Income Tax Credit for Rehabilitation . Income-tax credits are available from both the federal and North Carolina governments for conforming rehabilitation of National Register properties . For more detailed information , see Section III . National Register Nominations for Eligible Landmarks . There is another incentive for owners of National Register Study List properties that have been earmarked for designation . If the property is determined to be eligible for the National Register of Historic Places , it will be recommended 4