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2017 Regular Session
Overview
At the request of:
Chief Sponsors: Senator Frederick
Regular Sponsors: (Presession Filed)
Bill Title: Relating to the legal rate of interest.
Catchline/Summary: 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.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events