Relating to: outdoor advertising signs that do not conform to local ordinances and that are affected by certain transportation-related projects; compensation for takings of signs, and appraisals upon which jurisdictional offers are based. (FE)

SB 497 establishes new rules for compensating owners when outdoor advertising signs are removed or relocated due to highway projects. It directly affects sign owners (including those with signs that don’t meet local rules) and property owners where signs are located. Key provisions require government agencies to provide full appraisals showing compensation amounts, mandate specific payments for the sign itself, loss of other signs, and the right to display signs, and clarify that repositioning signs doesn’t change their "nonconforming" status. The bill also sets appraisal standards (e.g., offers must be within 85-115% of the owner’s appraisal) and allows separate legal appeals for compensation disputes. This bill changes how compensation is calculated and paid for signs affected by transportation projects.