Property Right Guarantees Flashcards
Takings Clause
Federal Government (5th) State (14th) cannot take private property for public use without just compensation
Possessory Taking
Government confiscated, destroys or permanently physically occupies.
Exception: Public Emergency, governmental can possess without paying compensation in cases of serious public safety or health emergencies.
Regulatory Taking: Denial of All Economic Value
Governmental regulation leaves no reasonable economic viable use of the property.
Regulatory Taking: Decreasing Economic Value
Court will employ balancing test: impact of regulation on the claimant and whether regulation substantially interferes with dinstinct, investment backed exceptions of claimant.
Just Compensation
Must pay FMV at time of taking OR Reasonable damages for while regulation was in effect
Contract Clause
State and Local government regulation CANNOT substantially interferes with obligation of EXISTING contracts
Private Existing Contracts
Reviewed under intermediate level scrutiny
Public Existing Contracts
Reviewed under strict level scrutiny.