By Hilderbran H.B. No. 733 74R3561 PAM-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the determination of value in condemnation proceedings. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 21.042, Property Code, is amended by 1-5 adding Subsections (f) and (g) to read as follows: 1-6 (f) Local market value is determined as if a tract or parcel 1-7 of real property will not be condemned if the condemnor publicly 1-8 proposed to condemn the property and the announcement of the 1-9 proposed condemnation decreases the local market value. 1-10 (g) A condemnor that publicly proposes to condemn a tract or 1-11 parcel of real property and unreasonably delays the beginning of a 1-12 condemnation proceeding under this chapter is liable to the 1-13 property owner for damages suffered during the period of 1-14 unreasonable delay in addition to other damages authorized by this 1-15 chapter. 1-16 SECTION 2. The change in law made by this Act applies only 1-17 to a condemnation proceeding filed on or after the effective date 1-18 of this Act. A condemnation proceeding pending before the 1-19 effective date of this Act is covered by the law in effect when the 1-20 suit was filed, and the former law is continued in effect for that 1-21 purpose. 1-22 SECTION 3. The importance of this legislation and the 1-23 crowded condition of the calendars in both houses create an 1-24 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended.