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1997 SESSION
HB 1984 Rate of interest paid in highway condemnation cases.
Introduced by: Glenn R. Croshaw | all patrons ... notes | add to my profiles
SUMMARY:
Rate of interest paid in highway condemnation cases. Raises the rate of interest paid on the excess of the award over the certificate on deposit in highway condemnation cases to 8%, the rate existing prior to July 1, 1994. This rate is the same as that for general condemnation proceedings. The current highway condemnation rate (the general composite rate as determined by the Treasurer of Virginia) is less than the rate paid in general condemnation cases. This amendment would make the rates equal.
FULL TEXT
HISTORY
- 01/10/97 House: Presented & ordered printed 971218180
- 01/10/97 House: Referred to Committee on Transportation
- 02/01/97 House: Reported from Tra. (22-Y 0-N)
- 02/02/97 House: Read first time
- 02/03/97 House: Read second time and engrossed
- 02/04/97 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 02/04/97 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/04/97 House: Communicated to Senate
- 02/05/97 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/05/97 Senate: Referred to Committee on Transportation
- 02/17/97 Senate: Left in Transportation