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Title 40 — Public Buildings, Property, and WorksRelease 119-73not60

§3116 Interest as Part of Just Compensation

Title 40 › Subtitle SUBTITLE II— PUBLIC BUILDINGS AND WORKS › Part A— GENERAL › Chapter 31— GENERAL › Subchapter II— ACQUIRING LAND › § 3116

Last updated Apr 5, 2026|Official source

Summary

Federal courts must figure interest on just compensation using the weekly average one‑year Treasury yield the Federal Reserve publishes. If interest is due for one year or less, use the rate from the week before the taking. If it is more than one year, compute the first year that way, then for each extra year use the rate from the week before that year starts, applied to the part of the award that exceeds the earlier deposit plus any accrued interest. The Administrative Office of the U.S. Courts must send all federal courts notice of those rates.

Full Legal Text

Title 40, §3116

Public Buildings, Property, and Works — Source: USLM XML via OLRC

(a)The district court shall calculate interest required to be paid under this subchapter as follows:
(1)Where the period for which interest is owed is not more than one year, interest shall be calculated from the date of taking at an annual rate equal to the weekly average one-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date of taking.
(2)Where the period for which interest is owed is more than one year, interest for the first year shall be calculated in accordance with paragraph (1) and interest for each additional year shall be calculated on the amount by which the award of compensation is more than the deposit referred to in section 3114 of this title, plus accrued interest, at an annual rate equal to the weekly average one-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the beginning of each additional year.
(b)The Director of the Administrative Office of the United States Courts shall distribute to all federal courts notice of the rates described in paragraphs (1) and (2) of subsection (a).

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 3116(a)40:258e–1 (less last sentence).Feb. 26, 1931, ch. 307, § 6, as added Pub. L. 99–656, § 1(2), Nov. 14, 1986, 100 Stat. 3668; Pub. L. 106–554, § 1(a)(7) [§ 307(a)], Dec. 21, 2000, 114 Stat. 2763A–635. 3116(b)40:258e–1 (last sentence).

Reference

Citations & Metadata

Citation

40 U.S.C. § 3116

Title 40 — Public Buildings, Property, and Works

Last Updated

Apr 5, 2026

Release point: 119-73not60