§ 14-39-1-9 — Compensation for exercise of eminent domain by pipeline company

Indiana § 14-39-1-9

• Jurisdiction: Indiana
• Art. 39: CARBON DIOXIDE
• Ch. 1: Eminent Domain for Pipeline Transportation or

Text

A carbon dioxide transmission pipeline
company that exercises the authority set forth in section 7(a) of this
chapter shall:
(1) compensate the property owner by making a payment to the
owner equal to:
(A) one hundred twenty-five percent (125%) of the fair market
value of the interest in the property acquired, if the right-of-way
or easement involves agricultural land; or
(B) one hundred fifty percent (150%) of the fair market value
of the interest in the property acquired, if the right-of-way or
easement involves a parcel of property occupied by the owner
as a residence; and
(2) pay to the property owner:
(A) any damages determined under IC 32-24-1; and
(B) any loss incurred in a trade or business;
that are attributable to the exercise of eminent domain.

Legislative History

As added by P.L.150-2011, SEC.18. Amended by P.L.291-2019, SEC.8.