(a) As soon as practicable after payment of the purchase price, or payment of, or deposit in probate court, of funds to satisfy the award in a condemnation action, whichever is earlier, the condemnor shall pay, or reimburse the owner for, any reasonable and necessarily incurred expenses for:
(1) Recording fees, transfer taxes, and similar expenses incidental to conveying the property to the condemnor;
(2) Penalty costs for prepayment of any debt secured by a preexisting lien, entered into or created in good faith, encumbering the property; and
(3) The prorated portion of property taxes allocable to a period after the date of vesting of title in, or the effective date of possession of the property by the condemnor, whichever is earlier.
(b) In the event of an appeal to the circuit court, the condemnor shall pay the owner interest upon any part of the award deposited in probate court and not made available to the owner within 40 days of the order of condemnation in the probate court at a rate equal to the rate allowed to be charged on money judgments as set forth in Section 8-8-10 as amended at the date of the final order in the circuit court, with the interest to be computed by the circuit court.
Structure Code of Alabama
Chapter 1A - Eminent Domain Generally.
Article 2 - Policies Governing Land Acquisition.
Section 18-1A-20 - Application of Article.
Section 18-1A-23 - Payment or Deposit Before Surrender of Possession.
Section 18-1A-24 - Notice to Terminate Occupancy.
Section 18-1A-25 - Rental to Former Owner or Tenant After Property Acquired.
Section 18-1A-26 - Coercive Action Forbidden.
Section 18-1A-27 - Offer to Acquire Uneconomic Remnant.
Section 18-1A-28 - Acquisition of Improvements to Be Removed or Adversely Affected.
Section 18-1A-29 - Compensation for Tenant-Owned Improvements.
Section 18-1A-30 - Expenses Incidental to Transfer of Title; Interest on Award.
Section 18-1A-31 - Waiver of Failure to Comply With Sections 18-1a-20 Through 18-1a-30.
Section 18-1A-32 - Condemnation Action Required; Inverse Condemnation.