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2006 SESSION
HB 748 Spot blight abatement; condemnation.
Introduced by: Harry R. Purkey | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Spot blight abatement; eminent domain. Provides that for purposes of determining just compensation for property condemned pursuant to spot blight abatement provisions, the value of the property condemned shall be determined as follows: (i) 50% of compensation to be based on the fair market value of the property at the time of condemnation, (ii) 25% of compensation to be based on projected fair market value of the land one year after completion of the redevelopment project, and (iii) 25% of compensation to be based on projected value of the land three years after completion of the redevelopment project.
FULL TEXT
HISTORY
- 01/10/06 House: Prefiled and ordered printed; offered 01/11/06 063688472
- 01/10/06 House: Referred to Committee on General Laws
- 01/18/06 House: Assigned to General Laws sub-committee: #1 Housing (Suit)
- 02/09/06 House: Incorporated by General Laws (HB699-Suit) by voice vote