The bill, S.B. No. 291, amends Section 21.0111(a) of the Property Code to enhance the disclosure requirements for entities with eminent domain authority when acquiring real property. Specifically, it mandates that these entities must disclose any appraisal reports related to the property owner’s property that were produced or acquired in the ten years preceding the offer. Additionally, the bill introduces new legal language stating that if an entity fails to meet these disclosure requirements, it will be liable for reasonable attorney's fees incurred by the property owner in connection with the acquisition.
The changes made by this Act will only apply to initial offers made under Section 21.0113 of the Property Code on or after the effective date of September 1, 2025. Any acquisitions related to offers made before this date will continue to be governed by the existing law prior to the enactment of this bill.
Statutes affected: Introduced: Property Code 21.0111 (Property Code 21)