The interest payable for each calendar quarter shall draw interest, computed as prescribed by Section 1268.350, in each succeeding calendar quarter for which interest is due.
§ 1268.360.Computation of Interest Payable For Calendar Quarter
Title 7. Eminent Domain Law · Chapter 11. Postjudgment Procedure · Article 4. Interest · Last amended 2007 · Last verified July 29, 2026
In one sentenceSection 1268.360 requires interest that accrues for a given calendar quarter to itself draw interest, computed at the § 1268.350 rate, in each following quarter for which interest remains due, effectively compounding the interest quarterly.
Full Text of § 1268.360
Plain-English Summary
Interest calculations can either be simple, where only the original award earns interest, or compounding, where unpaid interest itself starts earning more interest. This section chooses compounding, at least on a quarterly basis.
The interest that accumulates for a given calendar quarter doesn't just sit there waiting to be paid -- it draws its own interest, computed the same way under § 1268.350's apportionment-rate method, in every subsequent calendar quarter for as long as interest remains outstanding. Practically, that means a long delay in paying an award compounds the cost to the agency quarter over quarter, reinforcing the incentive built into §§ 1268.010 and 1268.020 for the agency to pay promptly.
Frequently Asked Questions
Does unpaid interest on a condemnation award itself earn interest?
Yes. Section 1268.360 requires interest for each calendar quarter to draw further interest in each succeeding quarter for which interest is due.
What rate applies to that compounding interest?
The same apportionment-rate method prescribed by § 1268.350.
Why does this compounding matter to the agency?
It increases the cost of delay, adding to the incentive to pay the award promptly rather than let interest accumulate over multiple quarters.
Amendment History
Amended by Stats 2006 ch 311 (SB 1586),s 2, eff. 1/1/2007.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 29, 2026.
· Official source
Also known as: compounding interest eminent domain awardinterest on interest condemnation california