HB4062 - Tennessee: Eminent Domain

Companion Bill SB4089. Eminent Domain - Requires an approval process by a planning commission and a governing body before a public agency may exercise eminent domain. - Amends TCA Title 29. Fiscal Summary for HB4062 / *SB4089 Increase Local Expenditures - Not Significant Bill Summary for HB4062 / *SB4089 Under this bill, prior to a governmental entity exercising the power of eminent domain primarily for the promotion of economic development by transferring the property to a private party, the entity must have approval from the planning commission of the development plan for the area. The development plan must detail the method for promoting the economic development of the area. This requirement would not apply to blight removal, slum clearance, or industrial development. Before approving or denying a development plan pursuant to [...]

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