SB 1466 - Schroer, Nick
Creates provisions relating to land clearance for redevelopment authorities
Bill Details
Sponsor
LR Number
5944S.01I
Title
SB 1466
House Handler
N/A
Journal Page
N/A
Effective Date
Emergency clause
Current Status
Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1466 - This act provides that in any action initiated by a land clearance for redevelopment authority to acquire any qualified property, as defined in the act, by eminent domain, such authority shall pay to the holder of the mortgage of the qualified property the amount by which the entire amount due and owing for principal and interest under the mortgage exceeds the final award adjudicated for the qualified property by a court.
This act contains an emergency clause.
MARY GRACE PRINGLE