Wyoming § 16-7-119 Programs with federal financing; buildings,
structures and improvements upon acquired property; acquisition
of interest; compensation therefor

Wyoming Statutes

§ 16-7-119 — Programs with federal financing; buildings, structures and improvements upon acquired property; acquisition of interest; compensation therefor

Wyoming·Title 16 City, County, State and Local Powers·Ch. 7 RELOCATION ASSISTANCE

(a)If any interest in real property is acquired for a program or project for which federal assistance will be available to pay all or any part of the cost of the program or project, the acquiring agency shall acquire an equal interest in all buildings, structures or other improvements located upon the real property so acquired and which are required to be removed from the real property or which the head of the acquiring agency determines will be adversely affected by the use to which the real property will be put.

(b)For the purpose of determining the just compensation to be paid for any building, structure or other improvement required to be acquired by subsection (a) of this section, the building, structure or other improvement is deemed to be a part of the real property to be acquired

Free access — add to your briefcase to read the full text and ask questions with AI

(a) If any interest in real property is acquired for a
program or project for which federal assistance will be
available to pay all or any part of the cost of the program or
project, the acquiring agency shall acquire an equal interest in
all buildings, structures or other improvements located upon the
real property so acquired and which are required to be removed
from the real property or which the head of the acquiring agency
determines will be adversely affected by the use to which the
real property will be put.
(b) For the purpose of determining the just compensation
to be paid for any building, structure or other improvement
required to be acquired by subsection (a) of this section, the
building, structure or other improvement is deemed to be a part
of the real property to be acquired notwithstanding the right or
obligation of a tenant, as against the owner of any other
interest in the real property, to remove the building, structure
or improvement at the expiration of his term, and the fair
market value which the building, structure or improvement
contributes to the fair market value of the real property to be
acquired, or the fair market value of the building, structure or
improvement for removal from the real property, whichever is
greater, shall be paid to the tenant therefor.
(c) Payment for buildings, structure [structures] or
improvements as set forth in this section shall not result in
duplication of any payments otherwise authorized by state law.
No payment shall be made unless the owner of the land involved
disclaims all interest in the improvements of the tenant. In
consideration for any payment, the tenant shall assign, transfer
and release all his right, title and interest in and to the
improvements. Nothing in this section shall be construed to
deprive the tenant of any rights to reject payment and to obtain
payment for the property interests in accordance with other laws
of the state.

Wyoming § 16-7-119 (Programs with federal financing; buildings, structures and improvements upon acquired property; acquisition of interest; compensation therefor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.