; and (3) by striking paragraph (3). (e) Co-Eligible entities Section 1265B(b)(4) of the Food Security Act of 1985 ( 16 U.S.C. 3865b(b)(4) ) is amended— (1) by redesignating subparagraphs (E) and (F) as subparagraphs (F) and (G), respectively; and (2) by inserting after subparagraph (D) the following: (E) Co-eligible entities (i) Definition of co-eligible entity In this subparagraph, the term co-eligible entity means an eligible entity that jointly applies for cost-share assistance under this section with 1 or more other eligible entities. (ii) Joint application for cost-share assistance The Secretary shall allow multiple eligible entities to jointly apply for cost-share assistance under this section. (iii) Shared responsibilities of co-eligible entities (I) In general The Secretary may enter into an agreement with 1 or more co-eligible entities for the purchase of 1 or more agricultural land easements on any eligible land, including through a buy-protect-sell transaction. (II) Grant of agricultural land easements An agricultural land easement purchased pursuant to subclause (I), including through a buy-protect-sell transaction, may be granted to any 1 or more co-eligible entities. . (f) Equal application to buy-Protect-Sell and other transactions Section 1265B of the Food Security Act of 1985 ( 16 U.S.C. 3865b ) is amended by adding at the end the following: (e) Equal application (1) Definition of covered transaction In this subsection, the term covered transaction means— (A) a buy-protect-sell transaction; and (B) an agricultural land easement transaction that— (i) uses a buy-sell-protect structure in which an eligible entity transfers ownership of land to a farmer or rancher— (I) prior to the time at which the eligible entity acquires the agricultural land easement on that land; or (II) at the same time that the eligible entity acquires the agricultural land easement on that land