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2002 SESSION
026052980Be it enacted by the General Assembly of Virginia:
1. [ That § 65.2-707 of the Code of Virginia is amended and reenacted as
follows:
§ 65.2-707. Interest on awards.
A. An award entered by the Commission shall take effect on the date of entry.
B. To the extent that any payment due under an award is delayed beyond its due
date by reason of an appeal to the full Commission or an appellate court, payments so delayed shall bear
interest at the judgment rate as provided in § 6.1-330.54.
C. Except as provided in subsection B, if any payment is not made within
thirty days following the date the obligation to make such payment arose, such payment
shall bear interest, at the legal rate as provided in § 6.1-330.53, from such
date such obligation arose. In determining when an obligation to make a
payment arose under this chapter, the Commission shall determine when such
payment would have properly been made if the obligor had complied with the
provisions of this chapter, and shall not consider whether the payment was
delayed by reason of compliance with the procedures established under this
chapter or the date of entry of an award by the Commission.
2. § 1. ] That the Workers' Compensation Commission, by July 1, 2003, shall
promulgate rules and regulations instituting an expedited calendar for the
administration of claims under the Virginia Workers' Compensation Act in which
an employer's denial of benefits [ is alleged to satisfies criteria
establishing that delays will ] cause an injured employee to incur severe economic
hardship.