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Committee approves bill reducing appraisal requirement for RDOT right-of-way property sales
Summary
House Bill 1486 standardizes the market-value appraisal process for surplus property held by the Arkansas Department of Transportation, reducing required appraisals for right-of-way properties from three to two to align with prior changes to capital-asset property rules.
Senator Tyler Deese presented House Bill 1486 to the Senate Public Health, Welfare and Labor Committee; the committee approved the measure after ARDOT explained the appraisal review process.
The bill amends procedures for determining market value of surplus property held by the Arkansas Department of Transportation so that right-of-way properties follow the same appraisal standard recently applied to capital-asset properties: two appraisals rather than three.
Tyler Deese said the…
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