California Government Code

§ 7263

GOV § 7263Div. 7 · Title 1 · Ch. 16

Statute text

(a)In addition to the payments required by Section 7262, the public entity, as a part of the cost of acquisition, shall make a payment to the owner of real property acquired for public use which is improved with a dwelling actually owned and occupied by the owner as a permanent or customary and usual place of abode for not less than 180 days prior to the initiation of negotiation for the acquisition of that property.

(b)The payment, not to exceed twenty-two thousand five hundred dollars ($22,500), shall be based on the following factors:

(1)The amount, if any, which, when added to the acquisition cost of the dwelling acquired by the public entity equals the reasonable cost of a comparable replacement dwelling.

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Legislative history

Amended by Stats. 1989, Ch. 828, Sec. 6.