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Bill > HB421
VA HB421
VA HB421Eminent domain; condemnation of public waterworks systems, determination of lost profits.
summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Eminent domain; condemnation of public waterworks systems; determination of lost profits. Requires the body determining just compensation in a condemnation proceeding initiated by a locality for the taking of a waterworks system to consider in its determination of lost profits the difference between the rates, fees, and charges for water service provided by (i) the condemning locality or authority and (ii) the owner on the date of valuation. The bill requires, upon the petition of any party or upon the request of the court, that such determination of lost profits be commensurately reduced to the extent that the body determining just compensation and the court find to be just and reasonable.
AI Summary
This bill modifies existing law regarding eminent domain, which is the government's power to take private property for public use, provided fair compensation is paid. Specifically, it addresses how "lost profits" are calculated when a local government or authority condemns (takes ownership of) a public waterworks system. The key provision is that when determining the compensation for lost profits, the body making the decision must consider the difference between the water rates and fees charged by the condemning locality or authority and those charged by the current owner on the date the property's value is assessed. Furthermore, if any party involved requests it, or if the court deems it necessary, the calculated lost profits can be reduced to what is considered fair and reasonable by both the compensation body and the court.
Committee Categories
Justice
Sponsors (1)
Last Action
Continued to next session in Courts of Justice (Voice Vote) (on 02/04/2026)
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://lis.virginia.gov/bill-details/20261/HB421 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB421/text/HB421 |
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