Oklahoma HB1152 amends eminent domain policies to increase the minimum purchase price for property acquired through eminent domain to 150% of its.
Oklahoma HB1152 amends eminent domain policies to increase the minimum purchase price for property acquired through eminent domain to 150% of its fair market value. The bill mandates formal condemnation proceedings for acquiring real property through eminent domain and prohibits coercive actions to compel an agreement on the purchase price. It also requires the owner to be provided with a written statement of the amount established as just compensation.
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- Core Provisions
- Implementation
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- Legal Framework
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