Bill > SB1158

This bill makes several significant changes to Virginia's eminent domain and condemnation proceedings laws. The bill primarily modifies procedures related to property acquisition, title examination, and compensation for property owners. Key provisions include reducing the timeframe for initiating condemnation proceedings from 180 to 100 days, requiring more detailed certificates of take that include specific information about the property being acquired, and mandating more comprehensive title examinations. The bill also updates interest calculation methods, requiring daily compounding of interest and specifying judgment rates. For property owners, the bill provides additional protections by requiring more detailed notices about property takings, allowing mutual agreements to delay proceedings, and ensuring that property owners receive more comprehensive information about the nature and extent of property acquisitions. The changes aim to make the eminent domain process more transparent, provide clearer communication between condemnors and property owners, and ensure that property owners are fairly informed and compensated. The bill will apply to property takings and condemnation proceedings occurring on or after July 1, 2025, with some provisions specifically taking effect on January 1, 2026.

Budget and Finance, Justice

https://lis.virginia.gov/bill-details/20251/SB1158