HB681: Interest on appeal; computed from date of filing notice of to date appellate court issues mandate.

Offered January 11, 2012
Prefiled January 11, 2012
A BILL to amend and reenact § 8.01-682 of the Code of Virginia, relating to interest on appeal.
Patron-- Surovell

Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1.  That § 8.01-682 of the Code of Virginia is amended and reenacted as follows:

§ 8.01-682. What damages awarded appellee.

When any judgment is affirmed, damages shall be awarded to the appellee. Such damages, when When the judgment is for the payment of money, the damages shall be the interest to which the parties are party is legally entitled, from the time date of filing the notice of appeal took effect, until the affirmance date the appellate court issues its mandate. Such interest shall be computed upon the whole amount of the recovery, including interest and costs, and such damages shall be in satisfaction of all interest during such period of time. When the judgment is not for the payment of any money, except costs, the damages shall be such specific sum as the appellate court may deem reasonable, not being more than $2,500 nor less than $150.