Land Use & Zoning
Arkansas State Highway and Transportation Department (AHTD) can acquire land through:
AOnly voluntary purchase
BEminent domain when needed for highway construction and public use✓ Correct
CTax sale only
DAREC arbitration
Explanation
The Arkansas State Highway and Transportation Department may use eminent domain to acquire private property needed for highway construction, relocation, or improvement, upon payment of just compensation to the property owner.
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
State-Specific Concepts
AREC Regulation
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