TITLE 2: NATURAL RESOURCES DIVISION 4 : LAND RESOURCES
§ 4764. Offer of Settlement for Land Compensation. Beginning of the fiscal year, following the effective date of this Article and each subsequent fiscal year thereafter, the annual budget for the Commonwealth shall set aside a minimum of $5,000,000, earmarked under 4 CMC § 2308, for the purpose of making partial payments to land compensation claimants as follows: (a) The Department of Public Lands (DPL) shall, following the enactment of the fiscal year budget, tender an offer of payment to each and every landowner with an outstanding land compensation claim. (b) The offer shall be based on the annual appropriated amount required in this section, prorated in relation to the total land compensation owed to each claimant, but shall not exceed the appropriated amount for each fiscal year. (c) DPL shall develop a formula that will satisfy all land compensation claimants within the amount appropriated for the fiscal year. (d) Claimants with less than $50,000 in land compensation payments shall be settled in their entirety. Source: PL 19-81 § 3 (Jan. 20, 2017), modified. Commission Comment: The Commission changed “this Act” to “this Article”, “years” to “year”, and “five million dollars ($5,000,000)” to “$5,000,000” in the leading paragraph, and “fifty thousand dollars ($50,000)” to “$50,000” in (d) pursuant to 1 CMC § 3806(g). The Commission substituted “this section” for “Section 401 of this Act” in (b) pursuant to 1 CMC § 3806(d).