2017 -- H 5928 | |
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LC002109 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2017 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - PROPERTY -- EMINENT | |
DOMAIN | |
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Introduced By: Representatives Roberts, Price, Mendonca, Nardolillo, and Chippendale | |
Date Introduced: March 16, 2017 | |
Referred To: House Judiciary | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 42-64.12-8 of the General Laws in Chapter 42-64.12 entitled |
2 | "Eminent Domain" is hereby amended to read as follows: |
3 | 42-64.12-8. Compensation for eminent domain takings for economic development |
4 | purposes. |
5 | Owners of property taken for economic development purposes shall be compensated for: |
6 | (a) A minimum of one hundred fifty percent (150%) of the fair market value of the real |
7 | property. |
8 | (b) Expenses incidental to transfer of ownership to the acquiring entity, including, but not |
9 | limited to, recording fees and transfer taxes, evidence of title and surveys and legal descriptions, |
10 | penalty costs and other charges for prepaying mortgages entered into in good faith, a pro rata |
11 | share of any prepaid property taxes or assessments for public utilities. |
12 | (c) Relocation expenses, including, but not limited to, actual, reasonable and necessary |
13 | moving and reestablishment expenses. |
14 | (d) A parcel of land, impounded or otherwise, taken for a public purpose by eminent |
15 | domain which is not used for the purpose intended shall be offered to the prior owner and/or |
16 | heirs, successors or assigns at the acquisition price prior to being disposed of in any other way |
17 | within ten (10) years from the date the parcel of land is taken. |
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1 | SECTION 2. This act shall take effect upon passage. |
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LC002109 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - PROPERTY -- EMINENT | |
DOMAIN | |
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1 | This act would permit the prior owner of a parcel of land taken by eminent domain, but |
2 | unused for the purpose intended, to repurchase at the acquisition price. |
3 | This act would take effect upon passage. |
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