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The Senate Community and Urban Affairs Committee held a hearing concerning eminent domain legislation, S757 - Rice (D28) on May 5, 2008. The bill did not receive enough votes to pass the committee, but will be placed for a vote again on Thursday, May 15.

The bill revises current procedures for the use of eminent domain in municipal redevelopment programs. (Source: NJAR)

As discussed in my prior article, this is important legislation directly impacting all property owners, municipalities and potential developers.  It's important ot pay attention to what is happening and voice your opinion.

See my related articles about eminent domain.

 



Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

 

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Real Estate Agent: Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services (RE/MAX Suburban)
Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services
Medford Township, NJ
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RE/MAX Suburban

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