Payment of amount awarded in excess of deposit; interest; effect of judgment on appeal on recovery of interest; appropriations

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  • (a) In any judgment rendered in a condemnation proceeding instituted under the provisions of this chapter by the Government of the United States Virgin Islands directly or on its behalf by any department, agency, bureau or instrumentality of the Government of the United States Virgin Islands, or any officer thereof, in which the amount determined by the court as just compensation for the property or rights therein taken is greater than the amount deposited by the condemning entity in the court as just compensation for such property or rights therein, the Government of the United States Virgin Islands shall pay the amount of the difference between the sum thus deposited by the condemning entity and the sum that has been determined by the court as just compensation for said property or the rights therein, with interest at the rate of six per centum per annum on such difference, to be computed from the date of the acquisition of such property or rights therein up to the date of the payment of such difference; Provided, That in such cases in which an owner or owners appeals from the judgment fixing the compensation, and upon said appeal the judgment is affirmed, or the compensation awarded reduced, the appellant shall not recover interest for the period of time comprised between the date of the filing of the appeal and until the judgment of the appellate court is final and unappealable.

  • (b) As soon as the judgment referred to in subsection (a) of this section is final and unappealable, the Commissioner of Finance of the Virgin Islands shall pay to the owner or owners involved the amount of the difference specified in said subsection (a), with interest thereon, as therein specified, out of any funds in the General Fund of the Treasury of the Virgin Islands not otherwise appropriated.

  • (c) The necessary sums to carry out the provisions of this section are hereby appropriated out of any funds in the General Fund of the Treasury of the Virgin Islands not otherwise appropriated, unless otherwise provided for by law.


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