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Bill Detail: HB18-1349

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Title Department Of Transportation Waiver Valuations
Status Governor Signed (05/24/2018)
Bill Subjects
  • Transportation & Motor Vehicles
House Sponsors J. Ginal (D)
Senate Sponsors J. Cooke (R)
House Committee Transportation & Energy
Senate Committee Finance
Date Introduced 04/02/2018
Description

Subject to certain specified conditions, federal law and regulations
authorize a state department of transportation to prepare a waiver
valuation, rather than a formal appraisal, to value both real property that
it seeks to acquire for a federal aid transportation project and real property
that it owns and seeks to dispose of if the anticipated value of the real
property is $25,000 or less. Accordingly, ...
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