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OK HB1152
Bill
Status
2/3/2025
Primary Sponsor
Chris Banning
Click for details
AI Summary
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Amends 27 O.S. 2021, Section 13 regarding eminent domain policies for real property acquisition by public agencies and entities.
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Increases the minimum compensation amount to 150% of the approved appraisal of fair market value for both initial offers and court deposits before property possession is required.
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Requires property owners to receive written statements explaining the basis for compensation amounts and allows owners to accompany appraisers during property inspections.
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Prohibits coercive actions to compel price agreements and requires acquiring authorities to make offers for uneconomic remnants when partial acquisition would leave owners with property of little value or utility.
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Becomes effective November 1, 2025.
Legislative Description
Eminent domain; purchase price; effective date.
Last Action
Referred to Civil Judiciary
2/4/2025