If the amount of an award in a condemnation proceeding is less than that deposited with the court or represented by a certificate of deposit, and the person or persons entitled thereto have received a distribution pursuant to § 25.1-310 of such funds, the authorized condemnor shall recover (i) the amount of such excess and (ii) interest on such excess at the general account's primary liquidity portfolio rate. If any person has been paid a greater sum than that to which he is entitled as determined by the award, judgment shall be entered for the authorized condemnor against such person for the amount of such excess and interest.
2003, c. 940.
Structure Code of Virginia
Chapter 3 - Transferring Defeasible Title by Certificate
§ 25.1-301. Applicability of chapter; purpose
§ 25.1-302. Protection of property
§ 25.1-303. Effort to acquire property by purchase
§ 25.1-304. Authority to take possession and title to property
§ 25.1-306. Notice of intent to file certificate
§ 25.1-307. Content of certificates; recordation of certificates
§ 25.1-308. Effect of recordation of certificate; transfer of title or interest in property
§ 25.1-309. Property situated in two or more localities
§ 25.1-310. Proceedings for distribution of funds
§ 25.1-311. Effect of acceptance of payments; evidence as to amount of deposit or certificate
§ 25.1-312. Reformation, alteration, revision, amendment, or invalidation of certificate
§ 25.1-313. Institution of condemnation proceedings
§ 25.1-314. Order confirming award; recordation
§ 25.1-315. Awards in greater amounts than deposit; interest
§ 25.1-316. Awards in lesser amounts than deposit; interest
§ 25.1-317. Agreements as to compensation; petition and order of court thereon; disposition of funds
§ 25.1-318. Petition by owner for determination of just compensation