Public Property and Works

CHAPTER 37-6.1
Relocation Payments

SECTION 37-6.1-5

§ 37-6.1-5. Expenses incidental to transfer of property.

In addition to amounts otherwise authorized by this chapter, the director of transportation shall reimburse the owner of real property acquired for a project for reasonable and necessary expenses incurred for:

(1) Recording fees, transfer taxes, and similar expenses incidental to conveying the property;

(2) Penalty costs for repayment of any mortgage entered into in good faith encumbering the real property if the mortgage is on record or has been filed for record on the date of acquisition by the state of the real estate; and

(3) The pro rata portion of real property taxes paid which are allocable to a period subsequent to the date of vesting of title in the state, or the effective date of the possession of the real property by the state, whichever is earlier.

History of Section.
(P.L. 1969, ch. 218, § 1.)