ENTRY NO. 27 – DEPOSITS MADE TO THE CONDEMNATION DEPOSITS FUND - 10527

Purpose: This entry is made when agencies/departments engaged in condemnation proceedings (eminent domain acquisition of real property) are required by the court to deposit a sum of money into the Condemnation Deposits Fund. The amount deposited is determined by the court. Deposits are retained in the Condemnation Deposits Fund until the court orders payment to the grantor (property owner). In some instances, the court may order an advance payment. However, the entire deposit usually remains in the Condemnation Deposits Fund until the court determines the final settlement amount.

References: SAM sections 6866 and 8610.6.

Record Transfer of Funds for Condemnation Proceedings

Note:

1. Amount transferred to the Condemnation Deposits Fund.
2. Amount held in reserve for condemnation proceedings.