An amendment numbered 7 printed in part C of House Report 111-126 to provide that when conducting an appraisal for purchase or property under the Airport Improvement Program, the appraisal must not consider either the increased or decreased value of the property due to the property's inclusion in a potential project.
What it does: Inserts new text on page 183, line 21
Rep. Christopher Murphy (D-CT)Description
Amendment provides that when conducting an appraisal for purchase or property under the Airport Improvement Program, the appraisal must not consider either the increased or decreased value of the property due to the property's inclusion in a potential project.
What it changes
1 change to H.R. 915
We couldn't read part of this amendment. That part is shown as written below.
Inserts new text on page 183, line 21
InsertsPrinted pageInserted: (g) Determination of Fair Market Value of Residential Properties.--In approving a project to acquire residential real property using financial assistance made available under this section or chapter 471, the Secretary shall ensure that the appraisal of the property to be acquired disregards any decrease or increase in the fair market value of the real property caused by the project for which the property is to be acquired, or by the likelihood that the property would be acquired for the project, other than that due to physical deterioration within the reasonable control of the owner.
Original wording
Page 183, after line 21, insert the following
Shown as written
(with the correct sequential provision designations [replacing the numbers currently shown for such designations]) and conform the table of contents accordingly: SEC. 505. DETERMINATION OF FAIR MARKET VALUE OF RESIDENTIAL PROPERTIES. Section 47504 (as amended by this Act) is further amended by adding at the end the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 183, after line 21, insert the following (with the correct sequential provision designations [replacing the numbers currently shown for such designations]) and conform the table of contents accordingly:
SEC. 505. DETERMINATION OF FAIR MARKET VALUE OF RESIDENTIAL PROPERTIES.
Section 47504 (as amended by this Act) is further amended by adding at the end the following:
“(g) Determination of Fair Market Value of Residential Properties.--In approving a project to acquire residential real property using financial assistance made available under this section or chapter 471, the Secretary shall ensure that the appraisal of the property to be acquired disregards any decrease or increase in the fair market value of the real property caused by the project for which the property is to be acquired, or by the likelihood that the property would be acquired for the project, other than that due to physical deterioration within the reasonable control of the owner.”.
Legislative Activity
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House amendment offered
May 21, 2009
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House amendment offered
May 21, 2009
House amendment offered/reported by : Amendment (A007) offered by Mr. Murphy (CT).(consideration: CR H5972; text: CR H5972)
May 21, 2009 • 4:02 PM
Amendment agreed to Committee of the Whole
May 21, 2009 • 4:05 PM
House amendment agreed to: On agreeing to the Murphy (CT) amendment (A007) Agreed to by voice vote.
May 21, 2009 • 4:05 PM
Amendment (A007) offered by Mr. Murphy (CT). (consideration: CR H5972; text: CR H5972)
May 21, 2009 • 4:02 PM
On agreeing to the Murphy (CT) amendment (A007) Agreed to by voice vote.
May 21, 2009 • 4:05 PM