LD 85
pg. 2
Page 1 of 2 An Act Requiring Compensation for Loss of Property Value Due to State or Local ... LD 85 Title Page
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LR 578
Item 1

 
3.__Fair market value.__If the property owner chooses to be
compensated for the reduction in value caused by the regulation,
compensation must be paid for the full amount of the decrease in
fair market value and is not limited to the amount by which the
decrease in fair market value exceeds 50%.

 
4.__Exemption for regulation of noxious or harmful uses.__
Purchase or compensation is not required under this Act if the
regulation is an exercise of the police power to prevent property
use that is noxious or poses demonstrable harm to the health and
safety of the public.__A use is considered a noxious use only if
it amounts to a public nuisance in fact.__Determination by a
governmental unit that a use is noxious or poses a demonstrable
harm to public health and safety is not binding on the court.__
Review of that determination must be de novo.

 
§844.__Statute of limitations

 
1.__Injuries to real property.__The statute of limitations for
actions brought pursuant to this Act is the statute of
limitations for civil actions for injuries to real property.__The
statute of limitations begins to run when a final administrative
decision is issued affecting that property, except that, if
passage of the regulation alone reduces the fair market value of
real property to less than 50% of its preregulatory fair market
value without further governmental action and the regulation
contains no provision for relief from the regulation's operation,
the statute of limitations begins to run on the date the
regulation becomes effective.

 
2.__Application.__This Act applies to regulations that are
applied or that become effective after the effective date of this
Act and to the application of regulations in effect on the
effective date of this Act.

 
§845.__Waiver as condition to approval prohibited

 
A governmental unit may not make waiver of the provisions of
this Act a condition for approval of the use of real property or
the issuance of any permit.__A person may accept an approval of
use or a permit granted by a governmental unit without
compromising rights under this Act if:

 
1.__Rights in writing.__The person reserves the rights in
writing at the time of acceptance of an authorization or permit;
or

 
2.__Oral statement.__The person makes an oral statement
reserving the rights before the governmental unit granting the
authorization or permit at a public meeting at which the
governmental unit renders its decision.

 
§846.__Legal challenges

 
This Act does not preclude a property owner from challenging a
regulation affected by this Act under any other law or
constitutional provision.

 
§847.__Application

 
This Act applies to implementations of regulations occurring
on or after the effective date of this chapter.

 
SUMMARY

 
This bill requires the State and its political subdivisions to
pay property owners when state or local regulations lower the
owner's property value by more than 50%.


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