§ 18-15-1701. Title

This subchapter shall be known and may be cited as the “Private Property Protection Act”.

§ 18-15-1702. Definitions

As used in this subchapter: (1) “Fair market value” means the price a willing buyer would pay a willing seller after considering all factors in the marketplace that influence the price of private real property; (2) “Governmental unit” means the state and any of its agencies or political subdivisions; (3) “Owner” means a person with […]

§ 18-15-1703. Taking — Application

(a) (1) An owner of real property asserting a taking under this subchapter shall bring a cause of action in circuit court claiming that the implementation of a regulatory program by a governmental unit has permanently reduced by at least twenty percent (20%) the fair market value of the real property. (2) The reduction in […]

§ 18-15-1704. Statute of limitations

(a) (1) A lawsuit under this subchapter shall be filed by the one-hundred-eightieth day after the date the private real property owner knew or should have known that the regulatory program restricted or limited the owner’s right in the private real property. (2) The statute of limitations begins upon the final administrative decision implementing the […]

§ 18-15-1705. Cumulative remedies

(a) The remedies provided under this subchapter are not exclusive and are in addition to other procedures or remedies provided by law. (b) A person shall not recover under this subchapter and also recover under another law or in an action at common law for the same economic loss.

§ 18-15-1706. Appeals

An appeal from the final judgment of the cause of action in § 18-15-1703 may be taken according to law.