Virginia § 25.1-316 - Awards in lesser amounts than deposit; interest
Full text of Virginia Code of Virginia § 25.1-316 — Awards in lesser amounts than deposit; interest, with citation guidance and answers to common questions.
§ 25.1-316. Awards in lesser amounts than deposit; interest
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.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 25.1-316
What does Code of Virginia § 25.1-316 cover?
Section 25.1-316 ("Awards in lesser amounts than deposit; interest") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 25.1-316?
A common citation format is "Code of Virginia § 25.1-316" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 25.1-316 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.