11-965. Expenses incidental to transfer of
property
A. In addition to the payments authorized by sections 11-963 and 11-964, the
acquiring agency as a part of the cost of the project, after the date of payment of the
purchase price or the date of deposit in court of funds to satisfy the award or
compensation in a condemnation proceeding to acquire real property, whichever is the
earlier, shall reimburse the owner to the extent it deems fair and reasonable for
expenses he necessarily incurred for:
1. Recording fees, transfer taxes and similar expenses incidental to conveying such
real property.
2. Penalty costs for prepayment of any preexisting recorded mortgage entered into
in good faith encumbering such real property.
B. In addition to the reimbursements authorized by subsection A of this section,
the acquiring agency shall reimburse the owner for paid real property taxes in excess of
the owner's pro rata portion allocable to a period subsequent to the date of vesting of
title in the acquiring agency or the effective date of the possession of such real
property by the acquiring agency, whichever is earlier.
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