Relating to: outdoor advertising signs that do not conform to local ordinances and that are affected by certain transportation-related projects; compensation for takings of signs, and appraisals upon which jurisdictional offers are based. (FE)

Expanded the definition of covered projects to include any state or local transportation project with state or federal funds, rather than limiting it to highway projects.

Added a new requirement that the agency must pay the sign owner the actual costs incurred to reposition the sign (raising, lowering, rotating, or moving it), replacing the previous requirement to only pay for relocation on the same site.

Added specific requirements for compensation, ensuring owners receive payment for the value of the sign, loss of value to other signs, and the loss of the right to erect and maintain the sign.

Added a restriction on appraisals used for jurisdictional offers, prohibiting the use of appraisals that value the owner's loss at less than 85% or more than 115% of the jurisdictional offer amount.

Changed the definition of 'realignment' to 'reposition,' which now includes moving the sign to a different location, not just relocating it on the same site.

Removed the allowance for using the 'unit rule' in condemnation cases, which previously limited compensation to the fair market value of the property as a whole.