§ 16-7-115 — Programs with federal financing; reimbursable expenses of displaced property owner

Wyoming § 16-7-115

• Jurisdiction: Wyoming
• Title 16: City, County, State and Local Powers
• Ch. 7: RELOCATION ASSISTANCE

Text

(a) Any agency acquiring real property for a program or
project for which federal financial assistance will be available
to pay all or any part of the cost of the program or project
shall, as soon as practicable after the date of payment of the
purchase price or the date of deposit into court of funds to
satisfy the award of compensation in a condemnation proceeding
to acquire real property, whichever is earlier, reimburse the
owner, to the extent the acquiring agency deems fair and
reasonable, for expenses he necessarily incurred for:
(i) Recording fees, transfer taxes and similar
expenses incidental to conveying such real property to the
acquiring agency;
(ii) Penalty costs for prepayment for any preexisting
recorded mortgage entered into in good faith encumbering such
real property; and
(iii) The pro rata portion of real property taxes
paid which are allocable to a period subsequent to the date of
vesting title in the acquiring agency, or the effective date of
possession of the real property by the acquiring agency,
whichever is earlier.