Bill > HB1733

This bill amends the existing law regarding reimbursement for moving and relocation expenses for individuals and businesses displaced by government agencies. The bill increases the reimbursement cap for expenses related to relocating farms, nonprofit organizations, and small businesses. Specifically, for most displacing agencies, the maximum reimbursement is raised to either $200,000 or the amount allowed under federal law (42 U.S.C. Sec. 4622), whichever is greater. For state agencies specifically, until August 1, 2030, the cap is set at $100,000 or the federal law amount, whichever is greater. The bill also introduces an annual inflation adjustment beginning August 1, 2025, which will increase the dollar amounts by 2% each year. The reimbursable expenses include actual moving costs, direct losses of tangible personal property, expenses for searching for a replacement business or farm, and reasonable costs necessary to reestablish the displaced entity at a new site. The legislation aims to provide more comprehensive financial support for individuals and organizations forced to relocate due to government projects.