IC 14-39-1-9 — Compensation for exercise of eminent domain by pipeline company
Chapter 1. Eminent Domain for Pipeline Transportation or Underground Storage of Carbon Dioxide
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Section text
Sec. 9. A carbon dioxide transmission pipeline company that exercises the authority set forth in section 7(a) of this chapter shall: (1) compensate the property owner by making a payment to the owner equal to: (A) one hundred twenty-five percent (125%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves agricultural land; or (B) one hundred fifty percent (150%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves a parcel of property occupied by the owner as a residence; and (2) pay to the property owner: (A) any damages determined under IC 32-24-1; and (B) any loss incurred in a trade or business; that are attributable to the exercise of eminent domain.
As added by P.L.150-2011, SEC.18. Amended by P.L.291-2019, SEC.8.
Source: official publisher (2026 edition)