To provide that private property may be taken only for public use and the taking of private property by any public entity for economic development does not constitute a public use. No public entity may take property for the purpose of economic development.   Official Text and Analysis.

To change the term public utility to public service company and clarify that in an action to establish or challenge the public use of a condemnation, the taking is deemed to be for economic development if the court determines that the condemnation does not result in any of the stipulated exceptions, including any activity to increase tax revenue, tax base, employment, or general economic health.

To exempt highway projects from the definition of "economic development".

To change "publicly owned utility" to "consumer-owned utility" and adds definitions for "public service company" and "consumer-owned utility".

Provides that private property may be taken only for public use and the taking of private property by any public entity, including publicly-owned utilities, for economic development does not constitute a public use. An action to establish or challenge the public use of a condemnation, the taking is deemed to be for economic development if the court determines that the condemnation does not result in any of the stipulated exceptions, including any activity to increase tax revenue, tax base, employment, or general economic health. Highway projects are exempt.