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AR HB1486

Bill

Official Source

Status

Passed

2/27/2025

Primary Sponsor

Rebecca Burkes

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Reduces the number of appraisers required to determine market value of surplus right-of-way property from three (3) to two (2) appraisers
  • Appraisers must be certified or licensed under Arkansas Code § 17-14-101 et seq.
  • Applies when the State Highway Commission declares only a remnant or portion of an original land acquisition as surplus
  • Entire surplus right-of-way parcels may still be reacquired by refunding the original acquisition price paid by the Commission
  • Approved February 27, 2025 as Act 210 of the Regular Session

Legislative Description

To Amend The Law Concerning The Market Value Of Certain Surplus Property Acquired By The State Highway Commission.

Last Action

Notification that HB1486 is now Act 210

2/27/2025

Committee Referrals

Transportation, Technology & Legislative Affairs2/19/2025
Public Transportation2/13/2025

Full Bill Text

No bill text available