Rules to repurchase condemned land

Oklahoma is re-working how land owners can re-acquire their former property after the state condemns it but doesn’t do anything with it.  OK is removing the current requirement that bars repurchase in the first 5 years after it was acquired by eminent domain. A co-author of HB1103 says, “The five-year requirement, if it were to remain, would act as an incentive for the Commission to hold the property for five years so it could be sold at market value, resulting in increased revenue.”

OK Energy Today | Bill Allowing Property Owners to Reclaim Seized Land Signed into Law