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HB795 • 2026
AN ACT relating to economic development.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
AN ACT relating to economic development.
to Economic Development & Workforce Investment (H)
introduced in House to Committee on Committees (H)
AN ACT relating to economic development.
UNOFFICIAL COPY 26 RS BR 2413 Page 1 of 1 XXXX 2/27/2026 10:24 AM Jacketed AN ACT relating to economic development. 1 Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2 Section 1. KRS 154.50-323 is amended to read as follows: 3 Notwithstanding any other provision or section of KRS 154.50 -301 to 154.50 -346, no 4 governmental unit shall have the power to condemn property under KRS 154.50 -301 to 5 154.50-346 unless the g overnmental unit has first given proper public notice as required 6 by law stating the specific purpose for which the property to be condemned shall be used 7 and said purposes shall be pleaded and proved in such condemnation action. The property 8 shall be deve loped within a period of five (5) years pursuant to the purpose stated, and 9 the failure of the authority to so develop shall entitle the person or persons whose 10 property was condemned to repurchase the property at the price the authority paid to the 11 governmental unit for the same. The person from whom the land is taken by 12 condemnation shall have the right to reacquire the land as aforementioned by application 13 to the court of competent jurisdiction, if such procedure be necessary, and shall be 14 entitled to re covery of his or her costs and reasonable attorney's fees necessary to 15 reacquire said land. 16