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SB22-063

Property Ownership Fairness Act

Concerning the "property ownership fairness act".
Session:
2022 Regular Session
Subject:
Local Government
Bill Summary

The bill enacts the "Property Ownership Fairness Act" (act). The bill entitles a property owner to seek just compensation from a governmental entity that enacts a land use law reducing the right of a property owner to use, divide, sell, or possess their property and reducing the fair market value of the property. The bill sets forth the procedure by which a property owner can demand just compensation and sets forth exceptions where a property owner is not entitled to seek just compensation for a land use law. Additionally, the bill prohibits a governmental entity from enacting a land use law that caps residential building permits issued in a single or multi-year period with the intent of limiting growth or development.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. L. Liston
Rep. A. Pico

Sponsor

Sen. J. Cooke, Sen. D. Hisey, Sen. C. Holbert, Sen. P. Lundeen, Sen. J. Sonnenberg, Sen. R. Woodward

Co-sponsor

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