Unannotated Code of Maryland (Last Updated: May 16, 2014) |
TRANSPORTATION |
TITLE 8. HIGHWAYS |
SUBTITLE 3. ACQUISITION AND DISPOSITION OF PROPERTY |
PART III. "QUICK-TAKE" CONDEMNATION BY COMMISSION -BOARD OF PROPERTY REVIEW PROCEDURE |
§ 8-331. Payment of final award
Latest version.
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At the conclusion of all proceedings, the Commission shall pay to the property owner:
(1) Any excess of the final award over the amount paid under § 8-323 of this subtitle; and
(2) Interest on the excess from the date of payment under § 8-323 of this subtitle at the rate of 6 percent a year.