Eminent domain-compensation.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0676

SENATE FILE
NO.
SF0177

Eminent domain-compensation.

Sponsored by:
Senator(s) Job, Decaria, Geis and Schiffer and Representative(s) Brown

A BILL

for

AN ACT relating to
eminent domain; providing for determinations of fair market value;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 1
‑
26
‑
704(a) by creating a new paragraph (iii) is amended to read:

1
‑
26
‑
704.

Fair market value defined.

(a)

Except as provided in subsection (b) of this section:

(iii)

The determination of fair market value may include:

(A)

The value determined by a certified appraisal of the property;

(B)

The price paid for other comparable easements or leases of comparable type, size and location on the same property;

(C)

The amounts paid by the condemnor for other portions of the proposed project of comparable type, size and location;

(D)

Values paid for transactions of comparable type, size and location by other companies in arms length transactions for comparable transactions on the same property;

(E)

The actual and reasonable net rental income attributable to the property when used for its highest and best use capabilities at fair and reasonable rates.

Section 2.

This act is effective July 1, 2007.

(END)

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SF0177