| Old | New | Differences | |
|---|---|---|---|
| 1 | - | OFFERED FOR CONSIDERATION 2/14/2025 | |
| 1 | + | 2025 SESSION | |
| 2 | + | ||
| 3 | + | HOUSE SUBSTITUTE | |
| 4 | + | ||
| 5 | + | 25107043D | |
| 2 | 6 | ||
| 3 | 7 | SENATE BILL NO. 1435 | |
| 4 | 8 | ||
| 5 | 9 | AMENDMENT IN THE NATURE OF A SUBSTITUTE | |
| 6 | 10 | ||
| 7 | 11 | (Proposed by the House Committee for Courts of Justice | |
| 8 | 12 | ||
| 9 | - | on | |
| 13 | + | on ________________) | |
| 10 | 14 | ||
| 11 | 15 | (Patron Prior to SubstituteSenator Perry) | |
| 12 | 16 | ||
| 13 | 17 | A BILL to amend the Code of Virginia by adding in Chapter 1 of Title 25.1 a section numbered 25.1-110, relating to eminent domain powers of persons; compensation to the Commonwealth and localities. | |
| 14 | 18 | ||
| 15 | 19 | ||
| 16 | 20 | ||
| 17 | 21 | Be it enacted by the General Assembly of Virginia: | |
| 18 | 22 | ||
| 19 | 23 | 1. That the Code of Virginia is amended by adding in Chapter 1 of Title 25.1 a section numbered 25.1-110 as follows: | |
| 20 | 24 | ||
| 21 | 25 | 25.1-110. Condemnation of conservation or open-space easement; compensation. | |
| 22 | 26 | ||
| 23 | - | Notwithstanding any other provision of law, if a person takes by condemnation proceedings any land or right-of-way or similar interest therein that is subject to a conservation easement, as such term is defined in 10.1-1009, or an open-space easement, as such term is defined in 10.1-1700, the person, in addition to any compensation determined under the provisions of this title, shall compensate | |
| 27 | + | Notwithstanding any other provision of law, if a person takes by condemnation proceedings any land or right-of-way or similar interest therein that is subject to a conservation easement, as such term is defined in 10.1-1009, or an open-space easement, as such term is defined in 10.1-1700, the person, in addition to any compensation determined under the provisions of this title, shall compensate (i) the Commonwealth in an amount equal to the value of any tax credit received by the landowner under the provisions of the Virginia Land Conservation Incentives Act of 1999 ( 58.1-510 et seq.) during the pendency of the conservation easement or open-space easement and (ii) the locality in which the land or right-of-way is located (a) in an amount of any property tax avoided by the landowner during the pendency of the conservation easement or open-space easement and (b) if the right-of-way is located on property that is registered with the Virginia Landmarks Register and the National Register of Historic Places, in an amount equal to any additional value conferred upon the property during the period that the property was registered. | |
| 24 | 28 | ||
| 25 | 29 | Compensation required to be paid to the Commonwealth under clause (i) shall be in addition to (1) any compensation required by the provisions of the conservation easement due to the landowner and holder, as such term is defined in 10.1-1009, or compensation required by the provisions of the open-space easement due to the landowner and the public body, as such term is defined in 10.1-1700, and (2) fulfillment of the requirements of 10.1-1704 pertaining to the conversion or diversion of open-space land. | |
| 26 | 30 | ||
| 27 | 31 | Any compensation paid to the Commonwealth or the locality shall be used in a manner consistent with the conservation purposes of the conservation or open-space easement extinguished or open-space land that is converted or diverted. |