Eminent Domain Revisited: SB437

Virginia Senate Bill #437 would, if enacted, create a process for determining the amount of payment the state owes to property owners whom the state deprives of their property through the exercise of "eminent domain." Full text:

http://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB437S1

Note that this bill is contingent upon the approval of that amendment to the state constitution discussed in SB240, and commented upon at this web site:

http://priscillaking.blogspot.com/2012/02/property-rights-in-state-constitution.html

I smell a land grab in here somewhere, Gentle Readers.