If a business is displaced by a government entity, there are reimbursement payments available. A new law makes a correction to a 2006 revision of eminent domain law addressing these costs.
Changes to the law were intended to make payment of up to $50,000 mandatory for all projects. However, because of a drafting error, the $50,000 maximum applied only to state-funded projects, and not federal, which are capped at $10,000.
Sponsored by Rep. David Dill (DFL-Crane Lake) and Sen. Tom Bakk (DFL-Cook), the $50,000 maximum requirement now applies to state and federal projects.
The law is effective retroactive to Jan. 16, 2007.
HF2789/SF2379*/CH312