[§113-2]  Property acquired; reimbursementof owner.  In acquiring real property for use in any project or program inwhich federal or federal-aid funds are used, the State shall as soon aspracticable after the date of payment of the purchase price or the date ofdeposit into court of funds to satisfy a judgment in a condemnation proceedingto acquire real property, whichever is the earlier, reimburse the owner, to theextent the State deems fair and reasonable, for expenses the owner necessarilyincurred for (1) recording fees, transfer taxes and similar expenses incidentalto conveying such real property to the State; (2) penalty costs for prepaymentof any preexisting recorded mortgage loan entered into in good faith andencumbering such real property; and (3) the pro rata portion of real propertytaxes paid which are allocable to a period subsequent to the date of vestingtitle in the State, or the effective date of possession of such real propertyby the State, whichever is the earlier. [L 1971, c 32, §2; gen ch 1985]