Amendment104th Congress
Amendment to the Canady substitute amendment (A001) defines the term "fair market value" as the most probable price at which property would change hands, in a competitive and open market under all conditions requisite to a fair sale, between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts, at the time the agency action occurs.
- Amendment Number
- 255
- Description
- Amendment to the Canady substitute amendment (A001) defines the term "fair market value" as the most probable price at which property would change hands, in a competitive and open market under all conditions requisite to a fair sale, between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts, at the time the agency action occurs.
- Purpose
- An amendment to insert text which puts in place the definition of the term "fair market value" as it relates to the bill.
- Congress
- 104
- Type
- HAMDT
- Latest Action Date
- Mar 3, 1995
- Latest Action Text
- On agreeing to the Taylor (MS) amendment (A009) Agreed to by voice vote.
- Latest Action Time
- 12:24:19
- Submitted Date
- Mar 3, 1995
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021