SB 0679 | Modifies allowable interest on certain judgments |
Sponsor: | Loudon | |||
LR Number: | 2027S.01I | Fiscal Note: | 2027-01 | |
Committee: | Judiciary and Civil & Criminal Jurisprudence | |||
Last Action: | 04/07/03 - Hearing Conducted S Judiciary & Civil & | Journal page: | ||
Criminal Jurisprudence Committee | ||||
Title: | ||||
Effective Date: | August 28, 2003 | |||
SB 679 - This act provides that the interest rate on moneys due from a judgment or court order shall be equal to the coupon issue yield equivalent, as determined by the Federal Reserve Board, of the average accepted auction price for the last auction of 52 week U.S. Treasury bills settled immediately prior to the date of judgment.
In order for a claimant to make certain demands for
prejudgement interest in tort actions for bodily injury or
wrongful death, the claimant must provide sufficient information
to reasonably evaluate a claim in regard to which the nature and
extent of the claimant's injuries and damages are reasonably
ascertainable.
JIM ERTLE