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Home / Top Legal News / Legislature quietly slashes DOT condemnation interest rate (access required)

Legislature quietly slashes DOT condemnation interest rate (access required)

Move affects property owners across the state

Fearing that the state would hemorrhage hundreds of millions of dollars after losing a legal fight over the Map Act, lawmakers pushed through a bill with a last-minute provision that drastically reduces the interest that gets folded into the compensation residents receive when the North Carolina Department of Transportation takes their land.

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