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This entry was published on 2014-09-22
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SECTION 1054-A
Deposit required where temporary possession is granted in condemnation proceeding
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 3
§ 1054-a. Deposit required where temporary possession is granted in
condemnation proceeding. Whenever the authority, in any condemnation
proceeding for the acquisition of any property, shall make application
for temporary possession pursuant to the provisions of section
twenty-four of the condemnation law, the sum to be fixed by the court
for deposit, as a condition of granting such application, shall not
exceed ten per centum of the assessed valuation of the real property
sought to be acquired in such proceedings as such assessed valuation
appears upon the last assessment rolls for county taxes prior to the
commencement of such proceeding.