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LEA CO. v. NORTH CAROLINA BD. OF TRANSP.

No. 588PA85.

345 S.E.2d 355 (1986)

LEA COMPANY v. NORTH CAROLINA BOARD OF TRANSPORTATION.

Supreme Court of North Carolina.

July 2, 1986.

Attorney(s) appearing for the Case

Foster, Conner, Robson & Gumbiner, P.A. by C. Allen Foster and Eric C. Rowe, Greensboro, for plaintiff-appellee.

Lacy H. Thornburg, Atty. Gen. by James B. Richmond, Sp. Deputy Atty. Gen., Raleigh, for defendant-appellant North Carolina Bd. of Transp.

MITCHELL, Justice.

This appeal involves an action brought by the plaintiff Lea Company under N.C.G.S. § 136-111 for inverse condemnation. The primary issue raised before this Court involves the constitutionality of the statutory interest rate as applied to the facts of this case. The trial court held that it would be unconstitutional to apply the statutory rate of 8% per annum in calculating the additional compensation...

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