8.01-382 - Verdict, judgment or decree to fix period at which interest begins; final order; judgment or decree for interest.
§ 8.01-382. Verdict, judgment or decree to fix period at which interestbegins; final order; judgment or decree for interest.
In any Administrative Process Act (§ 2.2-4000 et seq.) action or action atlaw or suit in equity, the final order, verdict of the jury, or if no jurythe judgment or decree of the court, may provide for interest on anyprincipal sum awarded, or any part thereof, and fix the period at which theinterest shall commence. The final order, judgment or decree entered shallprovide for such interest until such principal sum be paid. If a final order,judgment or decree be rendered which does not provide for interest, the finalorder, judgment or decree awarded or jury verdict shall bear interest at thejudgment rate of interest as provided for in § 6.1-330.54 from its date ofentry or from the date that the jury verdict was rendered. Notwithstandingthe provisions of this section, any judgment entered for a sum due under anegotiable instrument, as defined by § 8.3A-104, shall provide for intereston the principal sum in accordance with § 8.3A-112 at the rate specified inthe instrument. If no such rate is specified, interest on the principal sumshall be at the judgment rate provided in § 6.1-330.54. Final orders may berecorded, enforced, and satisfied as orders or decrees of a circuit courtupon certification of such orders by the agency head or his designee.
(Code 1950, § 8-223; 1964, c. 219; 1974, c. 172; 1975, c. 448; 1977, c. 617;1979, c. 501; 1997, c. 551; 2004, c. 646; 2008, c. 219; 2009, c. 797.)