HB 2556 Property Damage Cost Recovery. 4 Points from The Author

• Property Rights are Sacred
  • ​“As a small business owner and real estate broker in Texas, I know firsthand that property rights are one of the most sacred liberties that Texans enjoy,” Holland said. 
• Fair Market Value Offers will cut court costs
  • “HB 2556, my component of eminent domain reform, will empower property owners and commission condemning authorities to extend fair market value offers to deserving landowners, additionally saving our state from frivolous administrative appeals costs by cutting out the tiresome back-and-forth of the broken process.”
• Burden should not be in the property owners to replace their own property
  • ​a public condemning authority should be required to appraise the replacement costs to landowners of structures lost in the action. 
• Eminent Domain transactions should be priced like private transactions
  • “The result is an undue burden on property owners who often receive an amount that is less than what could be recovered in a private transaction,” Holland said. 

Royce City Herald Banner | Holland files House Bill 2556