2017 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Frederick|
|Regular Sponsors:||(Presession filed.)|
|Bill Title:||Relating to the legal rate of interest.|
Changes legal rate of interest from nine percent per annum to greater of one percent per annum or rate equal to weekly average one-year constant maturity Treasury yield.
Provides for interest to be compounded annually.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Judiciary|