Sec. 8. Requirements for acquisition of property
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/bill/116/s/4673/is/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7 of the Natural Gas Act ( 15 U.S.C. 717f ) (as amended by section 7) is amended by adding at the end the following: A holder of a certificate of public convenience and necessity seeking to acquire property for the project covered by the certificate by just compensation or the exercise of the right of eminent domain under subsection (h)(1) shall, prior to making an offer of just compensation or exercising that right, appraise the property in accordance with— the Uniform Appraisal Standards for Federal Land Acquisitions; and the Uniform Standards of Professional Appraisal Practice.
The owner of any property subject to an appraisal under subparagraph (A), or the designated representative of the owner, shall be given an opportunity to accompany the appraiser during the inspection by the appraiser of the property. A holder of a certificate of public convenience and necessity seeking to acquire property for the project covered by the certificate by just compensation shall make the offer of just compensation— in writing; and in an amount that— is not less than the fair market value of the property, as defined by the appraiser; and includes just compensation for any damages that would result to the remaining property of the owner.
The owner of property to be acquired by a holder of a certificate of public convenience and necessity shall not be required to surrender possession of the property before, as applicable— the holder pays the agreed purchase price; or if the property is acquired through a proceeding under which the holder exercised the right of eminent domain under subsection (h)(1), the owner receives the compensation awarded by the court in that proceeding. .
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Sec. 8
Requirements for acquisition of property
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