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Highway 61 correspondence and documents, 1968-1974
1970-07-01 Federal Aid Highway Program Page 2
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-2- [[underlined]] RELOCATION PAYMENTS [[/underlined]] Any person displaced by a highway planning and survey project or displaced by a project carried out under a secondary road plan, may receive either the actual reasonable expenses of moving himself, his family, his business, or his farm operation, including personal property, or he may elect to receive payments of a fixed sum. The amounts that would be paid if the fixed sum is elected with respect to dwellings are a moving expense allowance, determined according to a schedule established by the Secretary of Transportation, not to exceed $200, and a dislocation allowance of $100. If the optional payment is elected with respect to a farm operation of business, the fixed payment will be an amount equal to the average annual net earnings of the business or farm operation or $5,000, whichever is the lesser. However, no payment can be made under this alternative method unless the state agency finds that the business cannot be relocated without a substantial loss of existing patronage and that the business is not a part of a commercial establishment having at least one other establishment not being acquired. The average annual net earningsof a business or farm operation is one-half of any net earnings, before federal, state, and local income taxes, during the two taxable years immediately preceding the taxable year in which the business or farm operation moves and includes any compensation paid by the business or farm operation to the owner, his spouse, or his dependents during the two-year period. Payments will be made upon application approved by the state agency, apportioned for the interstate, and the primary and secondary systems and their urban extensions highways. The funds apportioned are to remain available for obligation until October 1. Funds not obligated will revert to the revolving fund to be available for advances to states. July, 1970
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-2- [[underlined]] RELOCATION PAYMENTS [[/underlined]] Any person displaced by a highway planning and survey project or displaced by a project carried out under a secondary road plan, may receive either the actual reasonable expenses of moving himself, his family, his business, or his farm operation, including personal property, or he may elect to receive payments of a fixed sum. The amounts that would be paid if the fixed sum is elected with respect to dwellings are a moving expense allowance, determined according to a schedule established by the Secretary of Transportation, not to exceed $200, and a dislocation allowance of $100. If the optional payment is elected with respect to a farm operation of business, the fixed payment will be an amount equal to the average annual net earnings of the business or farm operation or $5,000, whichever is the lesser. However, no payment can be made under this alternative method unless the state agency finds that the business cannot be relocated without a substantial loss of existing patronage and that the business is not a part of a commercial establishment having at least one other establishment not being acquired. The average annual net earningsof a business or farm operation is one-half of any net earnings, before federal, state, and local income taxes, during the two taxable years immediately preceding the taxable year in which the business or farm operation moves and includes any compensation paid by the business or farm operation to the owner, his spouse, or his dependents during the two-year period. Payments will be made upon application approved by the state agency, apportioned for the interstate, and the primary and secondary systems and their urban extensions highways. The funds apportioned are to remain available for obligation until October 1. Funds not obligated will revert to the revolving fund to be available for advances to states. July, 1970
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