{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/25.1-315.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/25.1-315.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/25.1-315.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/25.1-315.html"}],"law_id":70370,"edition_id":1,"section_id":70370,"structure_id":15046,"section_number":"25.1-315","catch_line":"Awards in greater amounts than deposit; interest","history":"2003, c. 940; 2017, c. 710; 2022, c. 735; 2025, c. 617.","full_text":"A\n\nIf the amount of an award in a condemnation proceeding is greater than that deposited with the court or represented by a certificate of deposit, the excess amount, together with interest accrued on such excess amount, shall be paid into court for the person or persons entitled thereto. The clerk shall deposit such funds to the credit of the court in an account of a type that bears interest.B\n\nInterest, compounded daily, shall accrue on the excess amount at not less than the judgment rate of interest as set forth in § 8.01-382, computed from the date of such deposit to the date of payment into court and be paid into court for the person or persons entitled thereto. However, any interest that accrued before July 1, 1970, shall be paid at the rate of five percent, and interest accruing thereafter and prior to July 1, 1981, shall be paid at the rate of six percent, and any interest accruing thereafter and prior to July 1, 1994, shall be paid at the rate of eight percent.","order_by":null,"text":{"0":{"id":254007,"text":"If the amount of an award in a condemnation proceeding is greater than that deposited with the court or represented by a certificate of deposit, the excess amount, together with interest accrued on such excess amount, shall be paid into court for the person or persons entitled thereto. The clerk shall deposit such funds to the credit of the court in an account of a type that bears interest.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":254008,"text":"Interest, compounded daily, shall accrue on the excess amount at not less than the judgment rate of interest as set forth in § 8.01-382, computed from the date of such deposit to the date of payment into court and be paid into court for the person or persons entitled thereto. However, any interest that accrued before July 1, 1970, shall be paid at the rate of five percent, and interest accruing thereafter and prior to July 1, 1981, shall be paid at the rate of six percent, and any interest accruing thereafter and prior to July 1, 1994, shall be paid at the rate of eight percent.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15046,"edition_id":1,"name":"Transferring Defeasible Title by Certificate","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":13196,"metadata":{},"date_created":"2026-06-26 03:51:44","date_modified":"2026-06-26 03:51:44","permalink":{"id":189783,"object_type":"structure","relational_id":15046,"identifier":"3","token":"25.1\/3","url":"\/25.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13196,"edition_id":1,"name":"Eminent Domain","identifier":"25.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:26","date_modified":"2026-06-26 03:44:26","permalink":{"id":189493,"object_type":"structure","relational_id":13196,"identifier":"25.1","token":"25.1","url":"\/25.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83870,"structure_id":15046,"section_number":"25.1-300","catch_line":"Definitions","url":"\/25.1-300\/","token":"25.1\/3\/25.1-300","metadata":false},{"id":75789,"structure_id":15046,"section_number":"25.1-301","catch_line":"Applicability of chapter; purpose","url":"\/25.1-301\/","token":"25.1\/3\/25.1-301","metadata":false},{"id":75570,"structure_id":15046,"section_number":"25.1-302","catch_line":"Protection of property","url":"\/25.1-302\/","token":"25.1\/3\/25.1-302","metadata":false},{"id":60232,"structure_id":15046,"section_number":"25.1-303","catch_line":"Effort to acquire property by purchase","url":"\/25.1-303\/","token":"25.1\/3\/25.1-303","metadata":false},{"id":82652,"structure_id":15046,"section_number":"25.1-304","catch_line":"Authority to take possession and title to property","url":"\/25.1-304\/","token":"25.1\/3\/25.1-304","metadata":false},{"id":63540,"structure_id":15046,"section_number":"25.1-305","catch_line":"Authorized condemnor to make payment into court or file certificate of deposit before entering upon land","url":"\/25.1-305\/","token":"25.1\/3\/25.1-305","metadata":false},{"id":57361,"structure_id":15046,"section_number":"25.1-306","catch_line":"Notice of intent to file certificate","url":"\/25.1-306\/","token":"25.1\/3\/25.1-306","metadata":false},{"id":79293,"structure_id":15046,"section_number":"25.1-307","catch_line":"Content of certificates; recordation of certificates","url":"\/25.1-307\/","token":"25.1\/3\/25.1-307","metadata":false},{"id":63988,"structure_id":15046,"section_number":"25.1-308","catch_line":"Effect of recordation of certificate; transfer of title or interest in property","url":"\/25.1-308\/","token":"25.1\/3\/25.1-308","metadata":false},{"id":81330,"structure_id":15046,"section_number":"25.1-309","catch_line":"Property situated in two or more localities","url":"\/25.1-309\/","token":"25.1\/3\/25.1-309","metadata":false},{"id":60524,"structure_id":15046,"section_number":"25.1-310","catch_line":"Proceedings for distribution of funds","url":"\/25.1-310\/","token":"25.1\/3\/25.1-310","metadata":false},{"id":83814,"structure_id":15046,"section_number":"25.1-311","catch_line":"Effect of acceptance of payments; evidence as to amount of deposit or certificate","url":"\/25.1-311\/","token":"25.1\/3\/25.1-311","metadata":false},{"id":79895,"structure_id":15046,"section_number":"25.1-312","catch_line":"Reformation, alteration, revision, amendment, or invalidation of certificate","url":"\/25.1-312\/","token":"25.1\/3\/25.1-312","metadata":false},{"id":72280,"structure_id":15046,"section_number":"25.1-313","catch_line":"Institution of condemnation proceedings","url":"\/25.1-313\/","token":"25.1\/3\/25.1-313","metadata":false},{"id":67118,"structure_id":15046,"section_number":"25.1-314","catch_line":"Order confirming award; 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recordation","url":"\/25.1-314\/","token":"25.1\/3\/25.1-314","metadata":false},"next_section":{"id":67492,"structure_id":15046,"section_number":"25.1-316","catch_line":"Awards in lesser amounts than deposit; interest","url":"\/25.1-316\/","token":"25.1\/3\/25.1-316","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/25.1-315\/","history_text":"

This law was first created in 2003. The record of its establishment is cataloged in chapter 940<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2017, chapter 710<\/a>; in 2022, chapter 735<\/a>; in 2025, chapter 617<\/a>.<\/p>","references":false,"refers_to":[{"id":63842,"section_number":"8.01-382","catch_line":"Verdict, judgment or decree to fix period at which interest begins; final order; judgment or decree for interest","order_by":null,"url":"\/8.01-382\/"}],"permalink":{"id":189845,"object_type":"law","relational_id":70370,"identifier":"25.1-315","token":"25.1\/3\/25.1-315","url":"\/25.1-315\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/25.1-315\/","token":"25.1\/3\/25.1-315","dublin_core":{"Title":"Awards in greater amounts than deposit; interest","Type":"Text","Format":"text\/html","Identifier":"\u00a7 25.1-315","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If the amount of an award in a condemnation proceeding is greater than that deposited with the court<\/span> or represented by a certificate of deposit<\/span>, the excess amount, together with interest accrued on such excess amount, shall be paid into court<\/span> for the person<\/span> or persons<\/span> entitled thereto. The clerk shall deposit such funds to the credit of the court<\/span> in an account of a type that bears interest. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Interest, compounded daily, shall accrue on the excess amount at not less than the judgment<\/span> rate of interest as set forth in § 8.01-382<\/a>, computed from the date of such deposit to the date of payment into court<\/span> and be paid into court<\/span> for the person<\/span> or persons<\/span> entitled thereto. However, any interest that accrued before July 1, 1970, shall be paid at the rate of five percent, and interest accruing thereafter and prior to July 1, 1981, shall be paid at the rate of six percent, and any interest accruing thereafter and prior to July 1, 1994, shall be paid at the rate of eight percent. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAWARDS IN GREATER AMOUNTS THAN DEPOSIT; INTEREST (\u00a7 25.1-315)\n\nA. If the amount of an award in a condemnation proceeding is greater than that\ndeposited with the court or represented by a certificate of deposit, the excess\namount, together with interest accrued on such excess amount, shall be paid into\ncourt for the person or persons entitled thereto. The clerk shall deposit such\nfunds to the credit of the court in an account of a type that bears interest.\n\nB. Interest, compounded daily, shall accrue on the excess amount at not less\nthan the judgment rate of interest as set forth in § 8.01-382, computed\nfrom the date of such deposit to the date of payment into court and be paid into\ncourt for the person or persons entitled thereto. However, any interest that\naccrued before July 1, 1970, shall be paid at the rate of five percent, and\ninterest accruing thereafter and prior to July 1, 1981, shall be paid at the\nrate of six percent, and any interest accruing thereafter and prior to July 1,\n1994, shall be paid at the rate of eight percent.\n\nHISTORY: 2003, c. 940; 2017, c. 710; 2022, c. 735; 2025, c. 617.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}