The bill amends sections 42-64.12-6 and 42-64.12-7 of the General Laws regarding the use of eminent domain powers by various entities. It introduces a new section, 42-64.12-6, which outlines permissible uses of eminent domain, allowing entities to acquire property for public purposes. The bill also adds a new section, 42-64.12-7, which establishes prerequisites for exercising eminent domain powers, including the requirement for advanced notice to property owners about potential takings and the opportunity to negotiate a mutually agreed-upon price.

Additionally, the bill removes the previous restriction that eminent domain could only be exercised for economic development purposes, thereby allowing for broader applications. It mandates that entities must adopt a plan and obtain approval prior to exercising eminent domain powers. This act will take effect upon passage.