Content of The Proposal
The law enacted by Measure 37 allows property owners whose property value is reduced by environmental or other land use regulations to claim compensation from state or local government. If the government fails to compensate a claimant within two years of the claim, the law allows the claimant to use the property under only the regulations in place at the time he/she purchased the property. Certain types of regulations, however, are exempt from this.
Read more about this topic: Oregon Ballot Measures 37 (2004) And 49 (2007)
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