Eminent-domain reforms become law

A bill that further tightens state and local governments’ ability to invoke eminent domain was signed into law June 1.
 
Here are some of the ways it better protects property owners:
It requires government entities to make reasonable purchase offers to landowners for their property.
It allows property owners to buy back their land at the original price 10 years later if it hasn’t been used by then.
It adds criteria that agencies must meet before declaring eminent domain over private property.
The Texas Association of REALTORS® spearheaded this reform in its longstanding efforts to protect private-property rights.
 
Read more about it on TexasRealEstate.com. View the news release on PR Newswire.
 
 
 
 
 
Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro

steve@steveyoung.pro

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