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 in the state. It introduces new language that specifies permissible uses of eminent domain, including acquiring property for public ownership, transportation infrastructure, public utilities, and addressing public health and safety concerns. The bill also emphasizes the need for entities to have explicit authority and a detailed development plan approved by their governing body before exercising eminent domain powers. This plan must outline the intended benefits to the community, necessary infrastructure improvements, and address any substandard conditions or environmental hazards.

Additionally, the bill removes the previous restriction that eminent domain could only be used for economic development purposes, allowing for broader applications. It mandates that property owners receive advance notice of potential takings and the opportunity to negotiate a mutually agreed-upon price. Furthermore, it requires local and state government entities to obtain approval from the respective city or town council or the General Assembly before proceeding with eminent domain actions. The act will take effect upon passage.