Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 3 - Eminent Domain > CHAPTER 6B - PROCEDURE UNDER EMINENT DOMAIN > 6B.59 - SALE OF ACQUIRED PROPERTY -- REIMBURSEMENT TO LANDOWNER.

6B.59 - SALE OF ACQUIRED PROPERTY -- REIMBURSEMENT TO LANDOWNER.

        6B.59  SALE OF ACQUIRED PROPERTY -- REIMBURSEMENT TO
      LANDOWNER.
         If an acquiring agency acquires property by condemnation, or by
      otherwise exercising the power of eminent domain, and that property
      is later sold by the acquiring agency for more than the acquisition
      price paid to the landowner, the acquiring agency shall pay to the
      landowner from whom the property was acquired the difference between
      the price at which it was acquired and the price at which it was sold
      by the acquiring agency less the cost of any improvements made to or
      benefiting the land by the acquiring agency.  This section does not
      apply to property acquired by the state department of transportation.
         Section History: Recent Form
         99 Acts, ch 171, §24, 42; 2000 Acts, ch 1058, §1