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TN HB1021
Bill
Status
2/5/2025
Primary Sponsor
Lowell Russell
Click for details
AI Summary
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Requires just compensation be paid to billboard owners when lawfully erected outdoor advertising devices are removed or acquired by the state, consistent with federal law (23 U.S.C. § 131)
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Authorizes the commissioner to acquire outdoor advertising devices and related property rights through purchase, gift, or condemnation when removal is required
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Mandates political subdivisions and government agencies pay removal costs plus fair market value when requiring billboard removal without offering a comparable relocation option
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Explicitly prohibits the use of amortization (phasing out value over time) as a method of calculating just compensation for billboard removal
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Takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 29, Chapter 16 and Section 54-21-107, relative to just compensation for removal or acquisition of outdoor advertising devices.
Advertising
Last Action
Placed on s/c cal Transportation Subcommittee for 3/17/2026
3/11/2026