25.1-316 - Awards in lesser amounts than deposit; interest.
§ 25.1-316. Awards in lesser amounts than deposit; interest.
If the amount of an award in a condemnation proceeding is less than thatdeposited with the court or represented by a certificate of deposit, and theperson or persons entitled thereto have received a distribution pursuant to §25.1-310 of such funds, the authorized condemnor shall recover (i) the amountof such excess and (ii) interest on such excess at the general account'sprimary liquidity portfolio rate. If any person has been paid a greater sumthan that to which he is entitled as determined by the award, judgment shallbe entered for the authorized condemnor against such person for the amount ofsuch excess and interest.
(2003, c. 940.)