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SB22-208

Condemned Conservation Easement Property Compensation

Concerning just compensation for the condemnation of property encumbered by a conservation easement in gross.
Session:
2022 Regular Session
Subjects:
Agriculture
Fiscal Policy & Taxes
Bill Summary

The bill specifies that if property encumbered by a conservation easement in gross is condemned through an eminent domain proceeding, just compensation must be determined based on the value of the property as if unencumbered by the conservation easement in gross and must be allocated between the fee owner and the holder of the conservation easement based upon the value of their respective interests in the property.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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