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HB 774: Provides relative to eminent domain and compensation for mineral owners

Highlights

Abstract: Provides relative to compensation for mineral owners in expropriation proceedings.


Present law authorizes a storage operator to expropriate property through eminent domain after receiving a permit and a certificate of necessity from the commissioner.


Proposed law provides that if the exercise of the power of eminent domain is used to expropriate property, that the mineral owner of such property must be compensated for any minerals that are stranded reserves, or pay the additional costs to drill the CO2 plumes.

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