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Legislative Year: 2022 Change
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Bill Detail: SB22-063

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Title Property Ownership Fairness Act
Status Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (03/01/2022)
Bill Subjects
  • Local Government
House Sponsors A. Pico (R)
Senate Sponsors L. Liston (R)
House Committee
Senate Committee State, Veterans and Military Affairs
Date Introduced 01/18/2022
Summary

The bill enacts the Property Ownership Fairness Act (act). The
bill entitles a property owner to seek just compensation from a
governmental entity that enacts a land use law reducing the right of a
property owner to use, divide, sell, or possess their property and reducing
the fair market value of the property. The bill sets forth the procedure by
which a property owner can demand just compensation and sets forth
exceptions where a property owner is not entitled to seek just
compensation for a land use law. Additionally, the bill prohibits a

governmental entity from enacting a land use law that caps residential
building permits issued in a single or multi-year period with the intent of
limiting growth or development.

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