Condemnation proceeding; interest on the amount of award. (SB1421)

Introduced By

Sen. Monty Mason (D-Williamsburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Interest on the amount of award; condemnation proceeding. Provides that, for condemnation proceedings involving the Commissioner of Highways, interest on an award that is greater or less than that which is deposited with the court shall accrue at a rate that is the greater of (i) the average monthly rate of interest established pursuant to 6621 (a)(2) of the Internal Revenue Code, computed from the month of such deposit to the date of payment into court, or (ii) the rate of interest established pursuant to 6621(a)(2) of the Internal Revenue Code, compiled by the Department of Transportation for the month in which the award is rendered. Read the Bill »


Bill Has Passed


01/11/2017Presented and ordered printed 17103351D
01/11/2017Referred to Committee on Transportation
01/30/2017Rereferred from Transportation (11-Y 0-N) (see vote tally)
01/30/2017Rereferred to Courts of Justice
02/01/2017Reported from Courts of Justice with substitute (15-Y 0-N) (see vote tally)
02/01/2017Committee substitute printed 17105079D-S1
02/03/2017Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/06/2017Read second time
02/06/2017Reading of substitute waived
02/06/2017Committee substitute agreed to 17105079D-S1
02/06/2017Engrossed by Senate - committee substitute SB1421S1
02/06/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2017Passed Senate (40-Y 0-N) (see vote tally)
02/08/2017Placed on Calendar
02/08/2017Read first time
02/08/2017Referred to Committee for Courts of Justice
02/08/2017Assigned Courts sub: Civil Law
02/13/2017Subcommittee recommends reporting with amendment (8-Y 0-N)
02/20/2017Reported from Courts of Justice with amendment (21-Y 0-N) (see vote tally)
02/21/2017Read second time
02/22/2017Read third time
02/22/2017Committee amendment agreed to
02/22/2017Engrossed by House as amended
02/22/2017Passed House with amendment BLOCK VOTE (100-Y 0-N)
02/22/2017VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/23/2017House amendment agreed to by Senate (40-Y 0-N) (see vote tally)
03/07/2017Bill text as passed Senate and House (SB1421ER)
03/07/2017Signed by Speaker
03/10/2017Signed by President
03/13/2017Enrolled Bill Communicated to Governor on 3/13/17
03/13/2017G Governor's Action Deadline Midnight, March 27, 2017
03/24/2017G Approved by Governor-Chapter 710 (effective 7/1/17)
03/24/2017G Acts of Assembly Chapter text (CHAP0710)