Condemnation Deposits Fund
The State Treasurer's Office has accounting responsibility for the Condemnation Deposits Fund. Court-ordered deposits in eminent domain proceedings are accounted for in this fund. The fund is invested as part of the Surplus Money Investment Fund (SMIF) within the Pooled Money Investment Account (PMIA), under the oversight of the Pooled Money Investment Board. Money is transferred to the Condemnation Deposits Fund as a deposit in condemnation proceedings for acquisition of real property. The State Treasurer pays the amount deposited as ordered by court order or decree.
- For information on the Condemnation Deposit Fund, please contact condemnations@treasurer.ca.gov.
- Current and prior SMIF rates can be found on the California State Controller's Office website.
- For more information about SMIF, see the most recent PMIB Annual Report.