No, contractual changes are not. Agreements are not. It is only when the Government mandates a change, a regulation, that diminishes the value or subtracts from the property right that triggers the action for an arbitration and compensation under the bill.
William Tauzin: “No, contractual changes are not. Agreements are not. It is only when the Government mandates a change, a regulation…”
Editor's note · Context
Discussing the conditions under which government actions trigger arbitration and compensation.
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