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TX SB363
Bill
Status
11/13/2024
Primary Sponsor
Sarah Eckhardt
Click for details
AI Summary
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Requires special commissioners in condemnation proceedings to consider the local market value of conservation easement property based on its highest and best use, disregarding the conservation easement status
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When an entire tract under a conservation easement is condemned, damages must equal the property's local market value based on highest and best use without regard to the easement
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When only a portion of conservation easement property is condemned, damages must be calculated based on highest and best use for both the condemned portion and the effect on remaining property value
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Applies only to condemnation proceedings commenced on or after the effective date; earlier proceedings remain governed by prior law
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Takes effect September 1, 2025
Legislative Description
Relating to the assessment of damages resulting from the condemnation of property that is subject to a conservation easement.
Property Interests
Last Action
Referred to Economic Development
2/3/2025