SUMMARY OF FINDINGS AND RECOMMENDATIONS OF FINAL REPORT OF SUBCOMMITTEE ON FEDERAL REAL PROPERTY ACQUISTION, COMMITTEE ON PUBLIC WORKS, U. S. HOUSE OF REPRESENTATIVES, JANUARY 15, 1965

THE SELECT SUBCOMMITTEE ON REAL PROPERTY ACQUISITION WAS CREATED BY RESOLUTION OF THE COMMITTEE ON PUBLIC WORKS OF THE HOUSE OF REPRESENTATIVES, DATED AUGUST 24, 1961. THE SUBCOMMITTEE WAS DIRECTED TO MAKE A COMPREHENSIVE STUDY AND DEVELOP LEGISLATIVE PROPOSALS TO ELIMINATE INEQUITIES OR HARDSHIPS OF OWNERS, TENANTS, AND OTHER PERSONS AFFECTED BY THE ACQUISITION OF REAL PROPERTY IN FEDERAL AND FEDERALLY ASSISTED PROGRAMS. THEY WERE TO DETERMINE WHETHER ADEQUATE COMPENSATION AND FAIR AND EQUAL TREATMENT IS GIVEN TO THE VALUE OF THEIR VALUE OF THEIR PROPERTY AND LOSSES AND EXPENSES INCURRED ON BEING REQUIRED TO MOVE FROM THEIR HOMES, FARMS, OR BUSINESS LOCATIONS. THE COMMITTEE FOUND THAT THE MARKET VALUE STANDARD OF JUST COMPENSATION REQUIRES PAYMENT FOR THE PROPERTY TAKEN, BUT DOES NOT PROVIDE FOR OTHER LOSSES OR EXPENSES. MOST DISPLACEMENTS AFFECT LOW- OR MODERATE-INCOME FAMILIES OR INDIVIDUALS, FOR WHOM A FORCED MOVE GENERALLY IS A VERY DIFFICULT EXPERIENCE. CONGRESS HAS AUTHORIZED RELOCATION PAYMENTS AND OTHER ASSISTANCE FOR DISPLACED PERSONS IN SOME, BUT NOT ALL FEDERAL AND FEDERAALY ASSISTED PROGRAMS. PRESENT RELOCATION PAYMENT PROVISIONS, AND THEIR ADMINISTRATION, PARTICULARLY IN THE CASE OF BUSINESS RELOCATIONS, ARE TOO CUMBERSOME. IT IS SUGGESTED THAT MORE EQUITABLE TREATMENT MIGHT BE ACHIEVED, WITHOUT DISTORTION OF THE MARKET VALUE CONCEPT OF COMPENSATION, IF PUBLIC AGENCIES WERE AUTHORIZED TO PURCHASE OR CONDEMN NOTES OR OTHER EVIDENCES OF DEBT IN SUCH CASES, AS WELL AS THE REAL PROPERTY, EACH AT ITS MARKET VALUE.

  • Supplemental Notes:
    • No 4, pp 22-25
  • Publication Date: 1965-6

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  • Accession Number: 00238784
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 21 1970 12:00AM