Sponsored by:
Senator JIM WHELAN
District 2 (Atlantic)
Senator LINDA R. GREENSTEIN
District 14 (Mercer and Middlesex)
Senator JENNIFER BECK
District 11 (Monmouth)
Co-Sponsored by:
Senators Holzapfel and Bateman
SYNOPSIS
Requires consideration of increased property value due to dune construction or beach replenishment in determining compensation provided for condemned beachfront property.
CURRENT VERSION OF TEXT
As reported by the Senate Environment and Energy Committee on April 25, 2013, with amendments.
An Act concerning compensation for certain condemned property, and supplementing P.L.1971, c.361 (C.20:3-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Just compensation for a portion of beachfront property condemned for the purpose of acquiring an easement for dune construction 1or beach replenishment1 shall include consideration of the increase in value to the entire property due to the added safety and property protection provided by the dune 1or beach replenishment1, as well as any diminution in value to the property attributable to the condemnation.
2. This act shall take effect immediately and shall apply to all actions pending on the effective date of the act.