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Bill > A2467
NJ A2467
NJ A2467Concerns valuation of property condemned for dune construction or beach replenishment.
summary
Introduced
02/14/2022
02/14/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would supplement the "Eminent Domain Act of 1971," P.L.1971, c.361 (C.20:3-1 et seq.), to provide that just compensation for an easement over a portion of beachfront property condemned for the purpose of dune construction or beach replenishment must include consideration of the increase in value to the entire property due to the added safety and property protection provided by the dune or replenished beach. The bill would also provide that any additional rights of the public to access property held in the public trust arising as a result of the easement, or the dune construction or beach replenishment, would not be considered to cause a diminution in the value of the entire property.
AI Summary
This bill would supplement the "Eminent Domain Act of 1971" to provide that just compensation for an easement over beachfront property condemned for dune construction or beach replenishment must include consideration of the increase in value to the entire property due to the added safety and property protection provided by the dune or replenished beach. It would also provide that any additional public access rights to property held in the public trust arising from the easement or the construction/replenishment would not be considered to diminish the value of the entire property. The bill would apply to all pending actions on its effective date.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Introduced, Referred to Assembly Environment and Solid Waste Committee (on 02/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2467 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2500/2467_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2500/2467_I1.PDF |
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