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HB 223/LM (BR 890) - J. Fischer

     AN ACT relating to interest.
     Amend KRS 360.040 to make the state interest rate for most civil judgments, including judgments for prejudgment interest, 6 percent; provide that the judgment interest rate for unpaid child support is 12 percent; provide that the judgment interest rate on a contract, promissory note, or other written obligation is the rate established in that contract, promissory note, or other written obligation; amend KRS 342.040 to establish a 6 percent interest rate for worker's compensation orders and settlements; allow the administrative law judge to raise the interest rate to 12 percent; amend KRS 360.010 to conform; specify that the new interest rates only apply to judgments, orders, and settlements entered after the effective date of this Act.


AMENDMENTS

     HFA1( A. Hatton ) - Set judgment interest rate to the Federal Discount rate plus five percent, but not less than eight percent.

     Feb 07, 2017 - introduced in House
     Feb 09, 2017 - to Judiciary (H)
     Feb 14, 2017 - posted in committee
     Feb 16, 2017 - reported favorably, 1st reading, to Calendar
     Feb 17, 2017 - 2nd reading, to Rules
     Feb 21, 2017 - posted for passage in the Regular Orders of the Day for Wednesday, February 22, 2017
     Feb 22, 2017 - floor amendment (1) filed; 3rd reading, passed 66-30
     Feb 23, 2017 - received in Senate
     Feb 24, 2017 - to Judiciary (S)
     Mar 01, 2017 - taken from Judiciary (S); 1st reading; returned to Judiciary (S)
     Mar 02, 2017 - reported favorably, 2nd reading, to Rules as a consent bill
     Mar 03, 2017 - posted for passage in the Consent Orders of the Day for Friday, March 3, 2017; 3rd reading, passed 36-1; received in House
     Mar 06, 2017 - enrolled, signed by Speaker of the House; enrolled, signed by President of the Senate; delivered to Governor
     Mar 16, 2017 - signed by Governor (Acts, ch. 17)