§3116 Interest as Part of Just Compensation

Summary

District courts must figure interest owed under this subchapter using Treasury yields. If the time owed is one year or less, interest runs from the date of taking at an annual rate equal to the weekly average one‑year constant maturity Treasury yield that the Federal Reserve publishes for the calendar week before the date of taking. If the time owed is more than one year, compute the first year the same way. For each extra year, use the weekly average one‑year Treasury yield for the week before that year begins, applied to the portion of the award that is more than the deposit mentioned in section 3114, plus any interest already added. The Director of the Administrative Office of the United States Courts must send all federal courts notice of these rates.