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Louisiana Expropriated Property Act, Amendment 5 (2008)

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The Louisiana Expropriated Property Act, or Louisiana Proposed Amendment 5, passed the state legislature as House Bill 461. This measure is a legislatively-referred constitutional amendment.

Election results

Amendment 5 (2008)
ResultVotesPercentage
Defeatedd No780,04750.06%
Yes 778,206 49.94%

Election Results via:Louisiana Secretary of State

Specific Provisions

If it had passed, the measure would have:

  • Amended the Louisiana Constitution to authorize the transfer of a special assessment level on property when the property has been sold to or expropriated by the federal or state government, provided that:[1]
    • The new property be acquired no later than 24 months after the expropriation or sale becomes final and funds have been disbursed.
    • The new property be similar in nature, have a fair market value which does not exceed 200% of the fair market value of the property sold or expropriated
    • The new property is intended to replace the property that was sold or expropriated.

Supporters

Supporters include:


See also

 		Suggest a link

External links

References

  1. ↑ Louisiana Secretary of State]
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