AN ACT relating to economic development.

Summary

The bill changes the condemnation law so any government agency must give public notice of why it wants to take property and must use the land for that stated purpose within five years. If the agency fails to develop the land, the original owner can buy it back at the price the government paid, plus recover costs and attorney fees. This aims to protect property owners and ensure condemned land is actually used for economic development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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