2017. Just the Facts. Kolkhorst. SB 740.

SB 740 Relating to the acquisition of property by an entity with eminent domain authority.

• Requires disclosure of new appraisals within 10 days or 3 days before a special commissioners hearing
• Allows a property owner to be awarded attorney fees if the amount awarded is 20% higher than the final offer
• Defines a list of new requirements for the bona fide good faith offer such as:
  • easement details
  • right to damages from construction
• Requiring that a condeming entity pay an award before an appeal can be filed by eithe rpaying the property owner, posting a bond, or depositing an amount with the court