|HB 0673||Relating to Interest on Certain Judgments|
|Sponsor:||KELLEY (47)||Handling House Bill:|
|Last Action:||03/08/95 - Reported Do Not Pass H Judiciary & Ethics Committee|
HB0673 Kelley, Pat et al
P R E F I L E D
HB 673 -- Interest on Judgments
This bill changes the interest rate to be assessed on judgments in tort cases (and in contract cases where a higher interest rate is not stipulated by the parties) from 9% to a formula tied to one year U.S. Treasury bills.