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Bill > S466

NJ S466

NJ S466
Concerns valuation of property condemned for dune construction or beach replenishment.

summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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 amends the "Eminent Domain Act of 1971" to ensure that when the government takes an easement, which is a right to use someone's property for a specific purpose, over beachfront property for dune construction or beach replenishment, the property owner receives "just compensation," meaning fair payment. This compensation must now account for how the new dune or replenished beach increases the overall value of the entire property by providing better safety and protection. Furthermore, if this easement grants the public more access to property that is already considered a public trust, this increased public access will not be used to reduce the property's value when determining compensation.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/09/2024)
(2 Companion Bills)

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