Amends existing law to provide for vacation of certain rights-of-way without compensation.

Development of existing but unimproved or undeveloped subdivision plats occasionally includes the reconfiguration of dedicated public right-of-way within the platted subdivision with dedication of new public right-of-way in exchange for the vacation or abandonment of existing dedicated public right-of-way. The current law does not adequately address this scenario and requires compensation for right-of-way to be vacated, resulting in additional costs and expenses to developers and road agencies. Vacation of unimproved or undeveloped platted public right-of-way in exchange for the dedication of new public right-of-way benefits the public and developers alike. This legislation recognizes this unique situation and provides for the vacation or abandonment of unimproved or undeveloped platted public right-of-way in exchange for the dedication of new public right-of-way without compensation, as otherwise would be required by law.