HB1507 - Tennessee - Eminent Domain, Remedies And Special Proceedings

Companion Bill SB0658. Remedies and Special Proceedings - Authorizes evidence of the value of a leasehold and attendant rights to be based upon any valuation method or process commonly used by owners of such leaseholds; the value may be proven by testimony of a licensed real estate appraiser. - Amends TCA Section 29-16-114. Fiscal Summary for HB1507 / *SB0658Increase State Expenditures - $1,310,000 / Highway Fund $310,000 / General Fund Bill Summary for HB1507 / *SB0658 Present law provides the following: (1) If any person, agency, or other entity acquires any interest in real property pursuant to the execution of the power of eminent domain, then the person will acquire at least an equal interest in all buildings, structures, or other improvements located upon the real property so acquired and which the person requires [...]

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