Sec. 16. (a) Subsection (b) does not apply to:

(1) actions taken by the department under this chapter; or

Terms Used In Indiana Code 8-23-20-16

  • Amortization: Paying off a loan by regular installments.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(2) the removal, taking, or appropriation of a sign, display, or device prohibited under section 6 of this chapter.

     (b) Before an outdoor advertising sign, display, or device is removed, taken, or appropriated through the use of zoning or another power or authority of the state, a state agency, or political subdivision:

(1) the value of the sign, display, or device shall be determined by the taking authority without the use of an amortization schedule; and

(2) the owners of the sign, display, or device and of the real property upon which the sign, display, or device is situated must be paid full and just compensation for the taking.

As added by P.L.18-1990, SEC.229.

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