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2007 SESSION

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HB 2782 Bottomlands; conveyance of state-owned.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Conveyance of state-owned bottomlands.  Clarifies that it shall be the policy of the Commonwealth to convey only limited interests to state-owned bottomlands covered by state waters and to convey state-owned bottomlands covered by fill provided that such lands were lawfully filled. Purchasers of filled land will compensate the Commonwealth in an amount equal to 25% of the assessed value of the land being conveyed. In unique situations, the Marine Resources Commission may consider compensation to the Commonwealth in an amount less than 25% of the assessed value of the land being conveyed. The provisions of the bill shall not affect any pending litigation.


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