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From page 46... ... 46 to the maximum extent possible.529 The statute provides that relocation benefits are to be paid by an acquiring authority according to 49 C.F.R., Part 24 "with respect to reimbursement of reestablishment expenses for nonresidential moves…, except that the acquiring authority shall reimburse the displaced business for eligible expenses up to a maximum of $50,000."530 Kansas, Iowa, and Oregon also have provisions requiring the payment of relocation expenses.531 XII. FEDERAL REIMBURSEMENT OF PAYMENTS IN EXCESS OF FAIR MARKET VALUE Assuming that supercompensation is permitted by a state statute or by judicial decision for one of the reasons discussed in the digest, transportation departments will be interested in whether there would be federal reimbursement. Read the entire page →
From page 47... ... 47 and that valuation should be based on what constitutes a normal market. However, the cases did not specify any methodology for proving what a normal market is or would be under the circumstances. Read the entire page →

From page 46...

... 46 to the maximum extent possible.529 The statute provides that relocation benefits are to be paid by an acquiring authority according to 49 C.F.R., Part 24 "with respect to reimbursement of reestablishment expenses for nonresidential moves…, except that the acquiring authority shall reimburse the displaced business for eligible expenses up to a maximum of $50,000."530 Kansas, Iowa, and Oregon also have provisions requiring the payment of relocation expenses.531 XII. FEDERAL REIMBURSEMENT OF PAYMENTS IN EXCESS OF FAIR MARKET VALUE Assuming that supercompensation is permitted by a state statute or by judicial decision for one of the reasons discussed in the digest, transportation departments will be interested in whether there would be federal reimbursement.

Read the entire page →

From page 47...

... 47 and that valuation should be based on what constitutes a normal market. However, the cases did not specify any methodology for proving what a normal market is or would be under the circumstances.

Read the entire page →

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