(at the request of Oregon Forest Industries Council)
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Regular Sponsors:
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Bill Title:
Relating to compensation for the loss of value of private forestland resulting from regulation of forest practices.
Catchline/Summary:
Modifies provisions for claiming compensation for specified land use regulations that restrict forest practices on private real property. Modifies provisions for claiming compensation for land use regulation that restricts] specified land use regulations that restrict forest practices on private real property.
Allows claim by owner based on land use regulation restricting forest practices and enacted before owner acquired property. Allows claim to use property in manner prescribed by regulation by person who owns property subsequent to owner who filed claim. Allows owner to prove reduction in fair market value by credible evidence other than appraisal of property] appraisals that show value of land and harvestable timber. Allows owner to make separate claims, based on same regulation of forest practices, on separate portions of property at same or different times] for different lawfully established units of land. Allows owner to make claim based on regulation of forest practices after filing notice of forest operation.].
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SB 691
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