Assembly Bill 502 aims to revise the regulations surrounding outdoor advertising signs that do not conform to local ordinances and are impacted by certain transportation-related projects. The bill introduces a new provision for "repositioning" nonconforming signs, which allows for adjustments such as raising, lowering, or relocating the sign within the political subdivision, provided that the repositioning is approved by the local authority. This change replaces the previous "realignment" provision and ensures that the nonconforming status of the sign remains intact if it is repositioned. Additionally, the bill mandates that the agency responsible for the project compensates the sign owner for actual replacement costs incurred during the repositioning process.

Furthermore, the bill prohibits the use of the unit rule in the condemnation of signs, ensuring that compensation reflects the value of the sign, any related leases, and the loss of value to other signs owned by the same individual. It also establishes stricter appraisal requirements for jurisdictional offers, stating that any appraisal that does not fall within 85 to 115 percent of the owner's loss cannot be used as a basis for the offer. Overall, Assembly Bill 502 seeks to provide clearer guidelines and fair compensation for sign owners affected by state or local transportation projects.

Statutes affected:
Bill Text: 32.05(3)(e), 32.05, 84.30(5r)(title), 84.30, 84.30(5r)(b)