HB 1010, the eminent domain bill passed as a reaction to Kelo took an awfully long time to pass, but they finally got it done. I didn’t read it especially closely, but it looks to be a bit watered down from the original language. It imposes more burdensome procedures but allows eminent domain to be exercised by government entities and private persons if they are utilities. It also allows the department of transportation to seize private property for the benefit of a private entity so long as the benefit is in the term of lease (no time limits on the lease). It also allows seizure of private property for the benefit of another private entity if the property seized is run down and the seizure serves a public purpose beyond increasing the tax base. The government is required to give a windfall to the owner of the run down property in the amount of 125% of the market value in the case of agricultural land and 150% of the market value in the case of owner-occupied residences. Attorneys fees are permitted up to $25,000 for the property owner if they get a judgment above what the condemnor offered for the property.
This was a pretty casual review, so you’d probably want to take a look at the statute if you have any serious interest in the bill.