This bill updates the laws regarding damages paid to owners of property taken by eminent domain by a transmission and distribution utility for the construction, rebuilding or relocation of a transmission line. The bill requires a transmission and distribution utility to set aside 1% of the total revenue generated from the construction, rebuilding or relocation of a transmission line annually to be paid as damages to the owner of a property taken by eminent domain for the construction, rebuilding or relocation of that transmission line. The 1% of the revenue set aside for damages must be distributed to property owners based on the acres of property taken from that owner for the construction, rebuilding or relocation of the transmission line in the form of an annual installment over the course of
20 years from the operation date of the transmission line.

Statutes affected:
Bill Text LD 1675, HP 1110: 35-A.3136