Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle C - Federal Property Management Regulations System |
Chapter 102 - Federal Management Regulation |
SubChapter C - Real Property |
Part 102-73 - Real Estate Acquisition |
Subpart C - Acquisition by Purchase or Condemnation |
Just Compensation |
§ 102-73.270 - Are Federal agencies required to provide the owner with a written statement of the amount established as just compensation?
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§ 102-73.270 Are Federal agencies required to provide the owner with a written statement of the amount established as just compensation?
Yes, Federal agencies must provide the owner with a written statement of this amount and summarize the basis for it. When it is appropriate, Federal agencies must separately state the just compensation for the property to be acquired and damages to the remaining real property.