Replaces certain fixed interest rate award in eminent domain cases with interest rate based on just compensation awards.

S 4379 changes how interest is calculated in eminent domain cases by replacing fixed interest rates with a court-determined rate based on relevant factors. Currently, interest on compensation is fixed at 6% per annum, but this bill requires courts to consider factors including prevailing commercial interest rates, prime rates, and rates that fairly compensate property owners for the time value of their funds. The change affects property owners receiving compensation through eminent domain proceedings, as the interest rate will now be determined case-by-case rather than using a fixed rate. This policy shift aims to ensure compensation better reflects the actual economic impact of delayed payments.