SB389 - Requires consideration of use and income derived from property in setting damages in condemnation proceedings

SB 0389

Requires consideration of use and income derived from property in setting damages in condemnation proceedings

Sponsor:	Steelman
LR Number:	1318S.02I	Fiscal Note:	1318-02
Committee:	Financial and Governmental Organization, Veterans' Affairs & Elections
Last Action:	03/17/03 - Hearing Conducted S Financial & Governmental Organ.,		Journal page:
	Veterans' Affairs & Elections Committee
Title:
Effective Date:	August 28, 2003

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Current Bill Summary

SB 389 - This act requires additional factors be considered in setting damages for property taken by eminent domain. This act requires commissioners to consider present or currently anticipated use of the property, as well as surrounding properties, and the income value derived from the property when determining the amount of damages in an condemnation proceeding.
CINDY KADLEC