Loading chat...
OK HB2486
Bill
Status
2/1/2016
Primary Sponsor
Frank Simpson
Click for details
AI Summary
-
Amends 66 O.S. 2011, Section 53 governing railroad corporations' acquisition of land through eminent domain when property owners refuse to grant right-of-way
-
Requires fair market value calculations to include comparable sales used to value the interest taken and actual amounts paid or awarded for other tracts of any type
-
Defines "just compensation" as the value of property taken plus any injury to property not taken, with special benefits only offsetting injury to property not taken
-
Updates statutory language throughout the section to modernize terminology (replacing "said" with "the" and gender-neutral references)
-
Effective date of November 1, 2016
Legislative Description
Railroads; requiring comparable sales to be included in fair market value calculation; effective date.
Last Action
Authored by Senator Simpson (principal Senate author)
2/15/2016