§ 1240.430.Sale, Lease Or Exchange of Property Taken
Title 7. Eminent Domain Law · Chapter 3. The Right to Take · Article 5. Excess Condemnation · Enacted 1975 · no amendments on record · Last verified July 29, 2026
Full Text of § 1240.430
Plain-English Summary
Once a public entity has condemned a remnant under this article, it isn't stuck holding onto property it doesn't need for the project itself. Section 1240.430 lets the entity sell, lease, exchange, or otherwise dispose of that property, and credit whatever proceeds result to the fund or funds financing the acquisition of the property needed for the public work.
That flexibility comes with a check: nothing in this section relieves the public entity of any statutory procedure that otherwise governs how it disposes of property. Competitive bidding rules, public notice requirements, or other disposal statutes that would apply to any other surplus public property still apply here.
Frequently Asked Questions
Can a public entity resell a remnant it condemned under this article?
Yes. Section 1240.430 lets it sell, lease, exchange, or otherwise dispose of the property.
What happens to the proceeds of that sale?
They may be credited to the fund or funds used to acquire the property needed for the underlying public work or improvement.
Does this section exempt the entity from normal property-disposal rules?
No. It doesn't relieve the public entity from any statutory procedures that otherwise govern disposing of public property.
Amendment History
Added by Stats. 1975, Ch. 1275.