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TX SB291
Bill
Status
4/10/2025
Primary Sponsor
Charles Schwertner
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AI Summary
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Requires entities with eminent domain authority to disclose all appraisal reports related to an owner's property when making an offer to purchase or lease, covering reports produced or acquired in the 10 years preceding the offer
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Makes entities liable for reasonable attorney's fees if they fail to disclose required appraisal reports, with property owners able to recover costs incurred to obtain the disclosure
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Applies only to real property acquisitions where the initial offer is made on or after September 1, 2025
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Acquisitions with initial offers made before the effective date remain governed by prior law
Legislative Description
Relating to the failure to disclose certain appraisal reports by an entity with eminent domain authority in connection with an offer to acquire real property.
Property Interests
Last Action
Committee report sent to Calendars
5/24/2025