A BILL TO BE ENTITLED
AN ACT to modify the rate of interest allowed on highway condemnation awards.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 136‑113 reads as rewritten:
"§ 136‑113.  Interest as a part of just compensation.
To said amount awarded as damages by the commissioners or a jury or judge, the judge shall, as a part of just compensation, add interest at the average rate earned by the State Treasurer on investments within the State's Short Term Fixed Income Investment Fund during the month preceding the date of judgment on said amount from the date of taking to the date of judgment; but interest shall not be allowed from the date of deposit on so much thereof as shall have been paid into court as provided in this Article."
SECTION 2.  This act becomes effective January 1, 2005, and applies to condemnation actions filed on or after that date.