
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document affected by Public Law 106-554 Section 1(a)(7)[307(a)]]
[CITE: 40USC258e-1]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
             CHAPTER 3--PUBLIC BUILDINGS AND WORKS GENERALLY
 
Sec. 258e-1. Interest as part of just compensation

    Interest required to be paid under sections 258a to 258e-1 of this 
title shall be calculated by the district court as follows:
        (1) Where the period for which interest is owed does not exceed 
    one year, interest shall be calculated for such period from the date 
    of taking at an annual rate equal to the coupon issue yield 
    equivalent (as determined by the Secretary of the Treasury) of the 
    average accepted auction price for the last auction of 52 week 
    United States Treasury bills settled immediately before 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 combined amount of the principal (the amount by 
    which the award of compensation exceeds the deposit referred to in 
    section 258a of this title) and accrued interest at an annual rate 
    equal to the coupon issue yield equivalent (as determined by the 
    Secretary of the Treasury) of the average accepted auction price for 
    the last auction of 52 week United States Treasury bills settled 
    immediately before the beginning of each additional year.

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).

(Feb. 26, 1931, ch. 307, Sec. 6, as added Pub. L. 99-656, Sec. 1(2), 
Nov. 14, 1986, 100 Stat. 3668.)

                  Section Referred to in Other Sections

    This section is referred to in section 258a of this title; title 10 
section 7422; title 16 section 831c; title 25 section 500a; title 33 
section 598; title 39 section 410; title 42 sections 1502, 1594a, 2222.
