United States v. Dorothy Blankinship, United States of America v. Dorothy Blankinship

SNEED, Circuit Judge:

The primary issue presented by these cases is whether the 6 percent interest rate specified by the Declaration of Taking Act, 40 U.S.C. § 258a (1970), is applicable to each taking pursuant thereto without regard to then prevailing interest rates. The United States, the appellant, contends that it is, while the appellees assert otherwise. More particularly, the appellees assert that the rates of 8.5 and 8 percent employed by the trial court in computing the “interest rate required in the period from May 30, 1973 [the date of taking] to date [the date of judgment] to give…