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Federal Land Appraisal Change: Higher Compensation for Landowners.

This bill amends how the federal government appraises land acquired under the Thye-Blatnik Act. The Secretary of Agriculture must now use the highest fair appraised value, including historical values, instead of just the current fair value. This change potentially ensures that landowners whose property is acquired by the government receive greater compensation.
Key points
Federal land appraisals must now consider the highest fair value, including historical valuations.
Landowners affected by government acquisition under this Act may receive increased compensation for their property.
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Status: Expired
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Additional Information
Print number: 118_S_5595
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2024-12-18