Ala. Code § 18-1A-211

Interest on Compensation Awarded.

Known as the Alabama Eminent Domain Code

The act spans §§ 18-1A-1 to 18-1A-95 (106 sections).

Applied in 1 court decision — leading case 984 So. 2d 1092 - ALABAMA DEPT. OF TRANSP. v. Williams (2007)

Most recently applied in 984 So. 2d 1092 - ALABAMA DEPT. OF TRANSP. v. Williams (October 2007)

(Acts 1985, No. 85-548, p. 802, §1202; Acts 1995, No. 95-502, p. 1010, §1; Act 2004-486, p. 904, §2.)

(a) Except as provided in subsection (b), the judgment shall include interest at a rate equal to the most recent weekly average one-year constant maturity yield, as published by the Board of Governors of the Federal Reserve System, upon the unpaid portion of the compensation awarded. The interest shall commence to accrue on the date of entry of the judgment.

(b) Except as provided by Section 18-1A-111, the judgment may not include any interest upon the amount represented by funds deposited into probate court by the plaintiff for the period after the date of deposit.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.