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Relating to the disclosure of appraisal reports in connection with the use of eminent domain authority.
No significant fiscal implication to the State is anticipated.
SB 721 would mandate that an entity seeking to acquire real property through the use of eminent domain disclose to the property owner, no later than the third business day before the special commissioner's hearing, all current and existing appraisal reports produced or acquired by the entity relating to the owner's property that was used in determining the entity's opinion of the value of the property. This would only be required if an appraisal report is used at the hearing.
Texas Action supports SB 721 which uplifts our principles of limited government and property rights by requiring a condemning entity to disclose the appraisal reports they used, if any, that helped influence the condemner's property valuation. Condemning entities should not be allowed to withhold any information from a landowner which might benefit the landowner's case to keep their property or receive a higher price for it.
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