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Senate Bill 0528


Senate Bill 0528

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Eminent domain for pipeline companies. Requires a pipeline company that seeks to acquire an interest in land to make an offer to the landowner to purchase the interest at least 30 days before filing a condemnation action. Provides that the offer must include: (1) a copy of the appraisal on which the company's offer is based; and (2) a statement that the landowner is entitled to hire a disinterested appraiser to perform an appraisal, the costs of which will be paid for by the company, in an amount not exceeding $2,500. Sets forth the procedures to be followed by a landowner who chooses to obtain an appraisal. Provides that a landowner whose property is located within one-half mile of a proposed pipeline may obtain a qualified appraisal to determine whether the property is materially diminished in value as a result of the proposed pipeline. Provides that the affected landowner's property is materially diminished in value if there is a reduction in value of at least 10% from a baseline value. Provides that the affected landowner may file a suit to recover the amount by which the value of the property has been materially diminished. Sets forth procedures to be followed in a suit brought by an affected landowner.
    Current Status:
     In Committee - first House
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