Moving and Related Expenses

(a)If any agency acquires real property for public use, it shall make fair and reasonable relocation payments to displaced persons and businesses as required by this Chapter, for:

(1)actual reasonable expenses in moving himself, his family, business, farm operation, or other personal property;

(2)actual direct losses of tangible personal property as a result of moving or discontinuing a business or farm operation, but not to exceed an amount equal to the reasonable expenses that would have been required to relocate such property, as determined by the agency;

(3)actual reasonable expenses in searching for a replacement business or farm.

(4)actual reasonable expenses necessary to reestablish a displaced farm, non-profit organization, or small business at its new site, in accordance with criteria to be established by the agency, but not to exceed Ten Thousand Dollars.

(b)Any displaced person eligible for payments under subsection

(a)of this section who is displaced from a dwelling and who elects to accept the payments authorized by this subsection in lieu of the payments authorized by subsection

(a)of this section may receive a moving expense allowance determined according to a schedule established by the agency.

(c)Any displaced person eligible for payments under subsection

(a)of this section who is displaced from his place of business or from his farm operation and who elects to accept the payment authorized by this subsection in lieu of the payment authorized by Subsection

(a)of this section, may receive a fixed payment in an amount equal to the average annual net earnings of the business or farm operation, except that such payment shall not be less than One Thousand Dollars ($1,000) nor more than Twenty Thousand Dollars ($20,000). In the case of a business, no payment shall be made under this subsection unless the agency is satisfied that the business

(1)cannot be relocated without a substantial loss of its existing patronage, and

(2)is not a part of a commercial enterprise having at least one other establishment not being acquired by the agency, which is engaged in the same or similar business. For purposes of this subsection, the term average annual net earnings means one-half (1/2) of any net earnings of the business or farm operation before income taxes during the two

(2)taxable years immediately preceding the taxable year in which the business COL120106 CH. 17 RELOCATION ASSISTANCE ACT or farm operation moves from the real property acquired for such project, or during such other period as the agency determines to be more equitable for establishing such earnings, and includes any compensation paid by the business or farm operation to the owner, his spouse, or his dependents during such period. A person whose sole business at the displacement dwelling is the rental of such property to others shall not qualify for a payment under this subsection.