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New York City · Through Local Law 2026/135 (enacted August 31, 2026)

N.Y.C. Admin. Code § 5-349: § 5-349 Payments of awards and interest.

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Where this section sits in the code
  1. New York City Administrative Code
  2. Title 5
  3. Chapter 3: Condemnation Procedures

The provisions of subchapter one of this chapter relative to the payment by the comptroller of sums awarded as damages and interest thereon, and to the advance payment on account of such damages, and relative to the assignment or pledge of awards, shall apply to awards or damages for the taking of additional lands. Interest on the entire amount due to the owner for the real property acquired for the improvement, or for the excess lands, or for both, from the date of the vesting of title thereto to the date of the final decree shall be awarded as a part of such owner's compensation.

Collected 2026-09-06T02:48:57Z. Source file · JSON

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