6B.24 - REDUCTION OF DAMAGES -- INTEREST ON INCREASED AWARD. - Iowa Statutes

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Statutes > Iowa > Title-1 > Subtitle-3 > Chapter-6b > 6b-24

        6B.24  REDUCTION OF DAMAGES -- INTEREST ON INCREASED
      AWARD.
         If the amount of damages awarded by the commissioners is decreased
      on appeal, the reduced amount shall be paid to the landowner.  If the
      amount of damages awarded by the commissioners is increased on
      appeal, interest shall be paid from the date of the condemnation.
      Interest shall not be paid on any amount which was previously paid.
      Interest shall be calculated at an annual rate equal to the treasury
      constant maturity index published by the federal reserve in the H15
      Report settled immediately before the date of the award.

Section History: Early Form

         [C73, § 1259; C97, § 2013; C24, 27, 31, 35, 39, § 7843; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 472.24]

Section History: Recent Form

         C93, § 6B.24
         95 Acts, ch 135, § 1; 2002 Acts, ch 1063, §4

State Codes and Statutes

Statutes > Iowa > Title-1 > Subtitle-3 > Chapter-6b > 6b-24

        6B.24  REDUCTION OF DAMAGES -- INTEREST ON INCREASED
      AWARD.
         If the amount of damages awarded by the commissioners is decreased
      on appeal, the reduced amount shall be paid to the landowner.  If the
      amount of damages awarded by the commissioners is increased on
      appeal, interest shall be paid from the date of the condemnation.
      Interest shall not be paid on any amount which was previously paid.
      Interest shall be calculated at an annual rate equal to the treasury
      constant maturity index published by the federal reserve in the H15
      Report settled immediately before the date of the award.

Section History: Early Form

         [C73, § 1259; C97, § 2013; C24, 27, 31, 35, 39, § 7843; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 472.24]

Section History: Recent Form

         C93, § 6B.24
         95 Acts, ch 135, § 1; 2002 Acts, ch 1063, §4

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-1 > Subtitle-3 > Chapter-6b > 6b-24

        6B.24  REDUCTION OF DAMAGES -- INTEREST ON INCREASED
      AWARD.
         If the amount of damages awarded by the commissioners is decreased
      on appeal, the reduced amount shall be paid to the landowner.  If the
      amount of damages awarded by the commissioners is increased on
      appeal, interest shall be paid from the date of the condemnation.
      Interest shall not be paid on any amount which was previously paid.
      Interest shall be calculated at an annual rate equal to the treasury
      constant maturity index published by the federal reserve in the H15
      Report settled immediately before the date of the award.

Section History: Early Form

         [C73, § 1259; C97, § 2013; C24, 27, 31, 35, 39, § 7843; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 472.24]

Section History: Recent Form

         C93, § 6B.24
         95 Acts, ch 135, § 1; 2002 Acts, ch 1063, §4