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ND SB2259

Bill

Status

Introduced

1/14/2019

Primary Sponsor

Jordan Kannianen

Click for details

Origin

Senate

66th Legislative Assembly

AI Summary

  • Amends North Dakota Century Code section 32-15-22 to clarify the assessment of damages in condemnation proceedings by juries, courts, or referees.

  • Requires separate assessment of compensation for property actually taken and damages to property not taken, to the extent practicable.

  • Establishes that property value for markets with comparable sales is determined by the price an informed and willing but unobligated buyer and seller would agree upon.

  • Allows property without a relevant market to be valued using any just and equitable method of valuation.

  • Specifies that value determinations must use generally accepted appraisal techniques, including certified appraiser methods, comparable easement or lease prices, or compensation paid in similar arm's length transactions.

Legislative Description

The valuation of property for just compensation.

Last Action

Second reading, failed to pass, yeas 20 nays 25

1/30/2019

Committee Referrals

Finance and Taxation1/14/2019

Full Bill Text

No bill text available