Removes the exemption for electric cooperatives in eminent domain proceedings

HB 2298 removes an exemption that previously allowed electric cooperatives to pay only fair market value when taking agricultural or horticultural property through eminent domain for constructing electric plants. The bill requires these cooperatives to pay 150% of fair market value instead, applying to takings under specific utility regulations. This change directly affects electric cooperatives operating under cooperative business plans (as defined in Missouri law) when acquiring farmland or similar property for new infrastructure. The law applies to all eminent domain proceedings filed after December 31, 2006, for qualifying property. It eliminates a prior distinction that allowed cooperatives to pay less than standard compensation.