Section 23-1-416 Valuation of property acquired for airport expansion. - Alabama Statutes

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Section 23-1-416

Valuation of property acquired for airport expansion.

For the purpose of acquiring property for the expansion of an airport operated by a political subdivision, the value of the property within the existing or future runway protection zone, as depicted on the most current airport layout plan approved by the FAA, shall be based on the fair market value of the property without regard to the property's location within the existing or future runway protection zone.

(Act 2009-579, §8.)

State Codes and Statutes

Statutes > Alabama > Title23 > Chapter1 > 23-1-416

Section 23-1-416

Valuation of property acquired for airport expansion.

For the purpose of acquiring property for the expansion of an airport operated by a political subdivision, the value of the property within the existing or future runway protection zone, as depicted on the most current airport layout plan approved by the FAA, shall be based on the fair market value of the property without regard to the property's location within the existing or future runway protection zone.

(Act 2009-579, §8.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title23 > Chapter1 > 23-1-416

Section 23-1-416

Valuation of property acquired for airport expansion.

For the purpose of acquiring property for the expansion of an airport operated by a political subdivision, the value of the property within the existing or future runway protection zone, as depicted on the most current airport layout plan approved by the FAA, shall be based on the fair market value of the property without regard to the property's location within the existing or future runway protection zone.

(Act 2009-579, §8.)