Texas HB5417 amends the Property Code to define conditions for a bona fide offer in eminent domain acquisitions.
Texas HB5417 modifies the criteria for a bona fide offer in eminent domain acquisitions. An entity with eminent domain authority must make an initial offer in writing, including a landowner's bill of rights statement and a bold statement on compensation. A final offer must also be in writing and made after a specified period, either 30 or 60 days, depending on the offer's relation to the initial offer. The final offer must be equal to or greater than a written appraisal from a certified appraiser.
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