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2014 SESSION

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HB 990 Relocation Assistance & Real Property Acquisition Policies; replacement housing for homeowners, etc.

Introduced by: Hyland F. "Buddy" Fowler | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Scope of Relocation Assistance and Real Property Acquisition Policies; replacement housing for homeowners and tenants. Provides that relocation assistance and real property acquisition policies of the Commonwealth apply in the case of transportation projects funded in whole or in part with state or federal funds unless compliance would jeopardize the receipt and expenditure of all or a portion of federal funds that would otherwise be available for transportation projects. The bill also raises the authorized payment to a displaced homeowner from $22,500 to $31,000 and reduces from 180 to 90 the number of days that may pass between displacement and negotiations for the acquisition of property before such payment is authorized. The bill also increases from $5,250 to $7,200 the maximum payment permitted to a person leasing or renting a comparable replacement dwelling for a period of 42 months. The provisions of the bill relating to such payments and time period have a delayed effective date of October 1, 2014.


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