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 that outlines permissible uses of eminent domain, allowing entities to acquire property for public purposes. The bill requires that all entities delegated eminent domain powers must adopt a plan and obtain approval from their governing body prior to exercising such powers. This plan must include advanced notice to property owners of potential takings and provide them the opportunity to negotiate a mutually agreed-upon price.

Additionally, the bill removes the previous restriction that limited the use of eminent domain solely for economic development purposes. It specifies that the provisions of this section are subject to the requirements outlined in section 42-64.12-7, which mandates advance notice of potential takings. Local government entities must obtain approval from their city or town council, while state entities require approval from the General Assembly before proceeding with eminent domain actions. The act is set to take effect upon passage.