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Title: MINERAL RIGHTS IN RIGHTS-OF-WAY: ACQUISITION, VALUATION, AND DISPOSITION
Accession Number: 00488261
Record Type: Component
Digital Copy: Availability: Find a library where document is available Abstract: The acquisition and ownership of highway rights-of-way have created numerous issues involving the minerals located in, on, or underlying the right-of-way. The acquisition of rights-of-way, by purchase or condemnation, frequently involves the acquisition or damaging of the mineral interest. Since minerals are usually only acquired when the public agency obtains the fee estate, the first issue addressed is the status of the title acquired by the highway agency through right-of-way acquisition. The second major issue facing highway agencies in the acquisition of mineral bearing rights-of-way is the valuation of those mineral lands. This paper attempts to explore several of the valuation questions that have plagued courts and to describe the recent cases that may indicate a trend toward liberalization of the rules regarding the evidence admissible on the valuation of mineral lands under condemnation. Thirdly, the method of disposing of minerals underlying highway rights-of-way, including the leasing of oil and gas, has created problems for highway agencies. This paper describes some of the issues, some of the answers, and some practical suggestions for dealing with the problems.
Supplemental Notes: Page range: 936-N199 through 936-N226.
Report/Paper Numbers: Addendum 4
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Fowler, V JPagination: 28 p.
Publication Date: 1988-6
Serial:
Selected Studies in Highway Law
Volume: 2 ISBN: 0-309-02434-X
Features: Appendices
(1)
TRT Terms: Old TRIS Terms: Subject Areas: Finance; Highways; Law; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Sep 30 1989 12:00AM
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