Description should include the definition of PETE:
- P—police power
- E—eminent domain
- T—taxation
- E—escheat
and situational examples of when each comes into play (e.g., escheat only comes into play upon death).
DPOR correlation: 18VAC135-20-400. 3 (Property rights)
Process/Skill Questions:
- What is the process through which the government acquires private property for public benefit?
- How does the government determine the price of the property they want to obtain?
- What are some valuation methods?
- What is police power? Give three examples of it.
- What is escheat?