§ 29-27-503 — Just and reasonable compensation

(1) A property owner, as
defined in section 29-27-501 (5), is entitled to just and reasonable compensation
from a provider, as defined in section 29-27-501 (6), who obtains access to a
multiunit building, as defined in section 29-27-501 (4), from a property owner. The
property owner and the requesting provider shall attempt to reach a mutually
acceptable agreement regarding reasonable and non-discriminatory compensation
due to the property owner as a result of the requesting provider's installation of
broadband facilities. In establishing the amount that will constitute reasonable
compensation the parties shall consider:

(a) The extent to which the broadband facilities physically occupy the
property;

(b) The actual long-term damage the broadband facilities may cause to the
property;

(c) The extent to which the broadband facilities would interfere with the
normal use and enjoyment of the property;

(d) The monthly cost of utilities to service the provider's broadband facilities;
and

(e) The diminution or enhancement in value of the property resulting from
the availability of the broadband internet service.

Legislative History

Source: L. 2024: Entire part added, (HB 24-1334), ch. 218, p. 1359, � 1, effective August 7.