Notwithstanding any other provision of this Constitution to the contrary:

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Terms Used In Nevada Constitution Article 1 § 22

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.

1.  Public use shall not include the direct or indirect transfer of any interest in property taken in an eminent domain proceeding from one private party to another private party. In all eminent domain actions, the government shall have the burden to prove public use.

2.  In all eminent domain actions, prior to the government?s occupancy, a property owner shall be given copies of all appraisals by the government and shall be entitled, at the property owner?s election, to a separate and distinct determination by a district court jury, as to whether the taking is actually for a public use.

3.  If a public use is determined, the taken or damaged property shall be valued at its highest and best use without considering any future dedication requirements imposed by the government. If private property is taken for any proprietary governmental purpose, then the property shall be valued at the use to which the government intends to put the property, if such use results in a higher value for the land taken.

4.  In all eminent domain actions, just compensation shall be defined as that sum of money, necessary to place the property owner back in the same position, monetarily, without any governmental offsets, as if the property had never been taken. Just compensation shall include, but is not limited to, compounded interest and all reasonable costs and expenses actually incurred.

5.  In all eminent domain actions where fair market value is applied, it shall be defined as the highest price the property would bring on the open market.

6.  Property taken in eminent domain shall automatically revert back to the original property owner upon repayment of the original purchase price, if the property is not used within five years for the original purpose stated by the government. The five years shall begin running from the date of the entry of the final order of condemnation.

7.  A property owner shall not be liable to the government for attorney fees or costs in any eminent domain action.

8.  For all provisions contained in this section, government shall be defined as the State of Nevada, its political subdivisions, agencies, any public or private agent acting on their behalf, and any public or private entity that has the power of eminent domain.

9.  Any provision contained in this section shall be deemed a separate and freestanding right and shall remain in full force and effect should any other provision contained in this section be stricken for any reason.