Most precondemnation deposits of probable compensation are sent to the State Treasury as provided in Section 1255.010 of the Code of Civil Procedure. (See Code Civ. Proc. § 1255.070) That money is held, invested, deposited and disbursed in the manner specified in Article 10 (commencing with Section 16429) of the Government Code. Interest earned on the deposit is returned to the depositor on a quarterly basis.
We were recently advised that the State Treasury has a new means of contacting them. Specifically, the State Treasury has requested that all future emails related to amounts on deposit with its Condemnation Fund be sent to condemnations@treasurer.ca.gov.
