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Home / Courts / N.C. Court of Appeals / Real Property – Condemnation – Map Act – Interest Rate – Statutory Amendment – Constitutional (access required)

Real Property – Condemnation – Map Act – Interest Rate – Statutory Amendment – Constitutional (access required)

In a condemnation case, interest is a component of just compensation. There is no conceivable reason why, on July 11, 2016, the General Assembly lowered the interest calculation only for condemnation actions filed after July 11, 2016, other than to solely benefit the North Carolina Department of Transportation. This change is arbitrary and capricious and ...

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