Committee report: amend do pass adopted; reassigned to Committee on Appropriations
Session
2026
Introduced
Jan 8, 2026
Primary Sponsor
James Buck· author
Summary
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Provides that if a unit of local government (unit) provides forgivable loans, the unit must (as a condition of providing forgivable loans) require that a person operating a business on a property may be entitled to compensation for business losses resulting from a condemnation of the property.
Subjects
BUSINESS ORGANIZATIONS AND ASSOCIATIONS; GenerallyFINANCIAL SERVICES; Loans and MortgagesLOCAL GOVERNMENT; GenerallyPROPERTY; Abandoned or Unclaimed PropertyPROPERTY; Eminent DomainPROPERTY; Generally