Oklahoma § 27-10 - Reimbursement of owner for expenses after acquisition

§ 27-10. Reimbursement of owner for expenses after acquisition

Any person, agency or other entity acquiring real property for

public use under the laws of this state shall, as soon as

practicable after the date of payment of the purchase price or the

date of deposit into court of funds to satisfy the award of

compensation in a condemnation proceeding to acquire real property,

whichever is the earlier, reimburse the owner for expenses he

necessarily incurred for:

1. Recording fees, transfer taxes and similar expenses

incidental to conveying such real property;

2. Penalty costs for prepayment for any preexisting recorded

mortgage entered into in good faith encumbering such real property;

and

3. The pro rata portion of real property taxes paid which are

allocable to a period subsequent to the date of vesting title in the

Oklahoma Statutes - Title 27. Eminent Domain

acquiring entity, or the effective date of possession of such real

property by the acquiring entity, whichever is the earlier.

Laws 1971, c. 355, § 2, eff. July 1, 1972.