Eminent Domain - As introduced, enacts the "Tennessee Just Compensation for Property Owners Act," which requires an airport authority that exercises eminent domain to acquire private property to pay enhanced damages and costs to the owner of the subject real property. - Amends TCA Title 29 and Title 42.

HB 2037, the "Tennessee Just Compensation for Property Owners Act," would require Tennessee airport authorities to pay enhanced compensation when taking private property through eminent domain. The bill mandates 150% of the property's appraised value (based on two independent appraisals), plus reimbursement for relocation costs, business loss, and increased loan interest rates due to the taking. It specifically applies to airport authorities leasing property for private use, ensuring property owners receive more comprehensive compensation than current law provides. The bill also requires airport authorities to cover all costs for appraisals and relocation estimates.