SB539 SFAT Romano 3-2

Baker 7816

Senator Romano moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for Senate Bill No. 539 -- A BILL to amend and reenact §54-2-14a of the Code of West Virginia, 1931, as amended, relating to condemnation proceedings; setting forth conditions which must be met and procedures which must be followed; providing that fair market value of minerals shall follow common law with certain exceptions; declaring the procedure for calculation of the fair market value of near-surface minerals; allowing for near-surface minerals to be compensated for by considering production and marketing costs if owner meets certain burden; providing that certain near-surface minerals lie with the surface owner unless specifically granted otherwise; providing for the inadmissibility of certain evidence; requiring certain funds to be paid into the court; providing for an owner’s interest in the money paid into court; removing refund and reimbursement provisions; updating antiquated language; and conforming certain language to accepted drafting standards.

Adopted

Rejected