The agency acquiring real property for such use 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 the earlier, reimburse the owner, to the extent the agency
deems fair and reasonable, for expenses necessarily incurred for:
(1) Recording fees, transfer taxes and similar expenses incidental to conveying such
real property to the State;
(2) Penalty costs for prepayment for any preexisting recorded mortgage entered into
in good faith encumbering such real property; and
(3) The prorata portion of real property taxes paid which are allocable to a period
subsequent to the date of vesting title in the State or the effective date of possession
of such real property by the State, whichever is the earlier.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.