Eminent domain; establishing standards for proof of certain benefit; establishing requirements to calculate certain compensation; prohibiting certain waiver. Effective date.

SB 1835 updates Oklahoma's eminent domain law to strengthen protections for property owners when land is taken for public projects. It requires just compensation to be calculated as the greater of 150% of the property's fair market value or the cost to purchase a comparable replacement property in the same community (or the nearest comparable community if none exists locally). The bill prohibits government agencies from reducing compensation standards or requiring owners to waive these enhanced protections, and mandates that fair market value be determined without discounts for project influence, using the highest value available on the day of the taking. This directly affects property owners facing eminent domain actions and government agencies responsible for land acquisition.