33 U.S.C. § 527 : US Code - Section 527: Acquisition of interstate bridges by public agencies; amount of damages

Search 33 U.S.C. § 527 : US Code - Section 527: Acquisition of interstate bridges by public agencies; amount of damages

After the completion of any interstate toll bridge constructed by
an individual, firm, or corporation, as determined by the Secretary
of Transportation, either of the States in which the bridge is
located, or any public agency or political subdivision of either of
such States, within or adjoining which any part of such bridge is
located, or any two or more of them jointly, may at any time
acquire and take over all right, title, and interest in such bridge
and its approaches, and any interest in real property for public
purposes by condemnation or expropriation. If at any time after the
expiration of five years after the completion of such bridge the
same is acquired by condemnation or expropriation, the amount of
damages or compensation to be allowed shall not include good will,
going value, or prospective revenues or profits, but shall be
limited to the sum of (1) the actual cost of constructing such
bridge and its approaches, less a reasonable deduction for actual
depreciation in value; (2) the actual costs of acquiring such
interests in real property; (3) actual financing and promotion
costs, not to exceed 10 per centum of the sum of the cost of
constructing the bridge and its approaches and acquiring such
interests in real property; and (4) actual expenditures for
necessary improvements.