HB0482 - Tennessee - Eminent Domain

Companion Bill SB0166. Eminent Domain - Grants property owner whose land is taken by eminent domain the right to repurchase such property if the condemning entity does not use the property for the purpose for which it was condemned or if the entity sells the property within 10 years of condemnation. - Amends TCA Title 29. Fiscal Summary for HB0482 / *SB0166Other Fiscal Impact - To the extent that the amount received for any sale to a former owner is equivalent to the amount the condemning entity would have received through public sale, there would be no change in state or local government revenues or expenditures. To the extent that the amount received for any sale to a former owner is less than the amount the condemning entity would have received through public sale, there will be a decrease in revenues to state or local government. Although the specific circumstances [...]

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