Loading chat...
CT SB00444
Bill
Status
3/6/2020
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
-
Requires public agencies to obtain two independent appraisals conducted by state-certified real estate appraisers for any real property acquired through eminent domain, effective October 1, 2020
-
Each appraisal must follow the Uniform Standards of Professional Appraisal Practice issued by the Appraisal Standards Board of the Appraisal Foundation and comply with regulations under Connecticut General Statutes section 20-504
-
Appraisers must work independently without consulting with each other and must provide copies of their appraisals to both the acquiring agency and the property owner
-
Compensation to property owners shall equal 125 percent of the average value determined by the two independent appraisals
Legislative Description
An Act Concerning Compensation Paid To A Property Owner Whose Real Property Is To Be Acquired By Eminent Domain.
Last Action
Public Hearing 03/20
3/12/2020