Entry SB1496 / HB1727 - Mar 13, 2018

Legislative Bill: 
SB1496 / HB1727
Calendar: 
Committee
Calendar Date: 
Tuesday, March 13, 2018
Chamber: 
Senate
Senate Committee: 
Status: 

As amended,  establishes new values at which a local government can sell land previously acquired through condemnation to the original property owner and authorizes former property owners to request a statement of intent for public use regarding property taken through condemnation. The new value is the price paid to the former property owner by the local government, plus the cost of any documented expenditures that improved the value of the property and an amount equal to the average amount of interest that would have accrued on the amount paid to the former property owner if held in U.S. treasury bonds;

Date: 
Friday, March 2, 2018
Date: 
Friday, March 2, 2018
Update: 
SB1496 was deferred until March 13.
Bulletin ID: 
19353
TML Position: 
Oppose
No Bills of Municipal Interest: