(a) If the governing body requires the removal of a sign:
- (1) the owner of the sign is entitled to compensation for the cash value for the tangible physical property constituting the sign structure; and
- (2) the owner of the real property on which the sign is located is entitled to compensation for the decrease in the value of the real property.
- (b) Compensation under this section is determined under the standards and procedures applicable to a proceeding under Chapter 21, Property Code.
- (c) The governing body may use only a method or a combination of methods described by this subchapter to pay compensation.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.