20:3-31. Payment of interest
120 words·~1 min read·
/nj/title-20/chapter-3/20-3-31A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Interest as set by the court upon the amount of compensation determined to be payable hereunder shall be paid by the condemnor from the date of the commencement of the action until the date of payment of the compensation; provided, however, that there shall be excluded from the amount upon which interest shall be calculated, all moneys deposited pursuant to Article V hereof; and provided, further, that interest payable hereunder shall be subject to abatement for rents and profits derived from the property by the condemnee during the period for which interest is payable hereunder, and/or for the fair rental value of such property or any portion thereof occupied by the condemnee during such period.
L.1971, c. 361, s. 31.