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2005 SESSION

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SB 301 Eminent domain; condemned property be put to use within 10 years, exception.

Introduced by: Jay O'Brien | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Eminent domain. Provides that if property acquired by the power of eminent domain is declared surplus within 15 years of the condemnor's being vested with title, the condemnor must offer to sell the property to the former owner at the original sale price plus interest at an annual rate of six percent, with price adjustments made for any improvements to the property.


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