Sec. 32-663. Interest payable ninety days after acceptance of agreement.
Sec. 32-663. Interest payable ninety days after acceptance of agreement. When
the secretary desires to take property comprising all or a part of the Adriaen's Landing
site and has entered into an agreement to purchase at a stipulated amount any real property with the owner or owners thereof and the amount agreed to be paid for such real
property or interest is not paid within ninety days from the date when the owner or
owners of such property file with the secretary a notice in writing of acceptance of such
agreement, interest at four per cent per annum shall be paid on such amount by the state
unless the property owner fails to furnish clear title within such ninety-day period. Such
interest shall commence to accrue at the end of such ninety-day period, whether or not
an assessment has been filed as provided in subsection (a) of section 32-658. Whenever
the state enters into possession of real property being condemned prior to the date of
execution of such an agreement, such interest shall commence to accrue from the date
of actual taking of possession by the state.
(P.A. 99-241, S. 40, 66; P.A. 00-140, S. 16, 40.)
History: P.A. 99-241 effective July 1, 1999; P.A. 00-140 deleted reference to former Hartford Sportsplex project, added
provision re the Adriaen's Landing project and made a technical change, effective May 2, 2000.