Wednesday, May 17, 2006

Nation's Toughest Eminent Domain Law enacted in Florida

On Thursday, Governor Jeb Bush with the help of Florida legislature signed into law the end of abuse of eminent domain. It provides greater protection for the rights of private property owners and severely restricts state and local governments' power to take private property and transfer to another private entity.

The Orlando Business Journal cited that the law requires local governments who acquire property through condemnation to offer to sell the land back to the previous owned if the land is no longer needed by the government entity itself. If the previous owner chooses to not buy it back, then the government has to wait 10 years before it can sell it through a competitive bidding process.

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