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.
Bill status
signed
all 3 stages cleared
Introduction
Feb 2017
Committee Review
Feb 2017
Signed into Law
Mar 2017
Introduced Feb 7, 2017
Signed Mar 16, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
21
Key actions
2
Committee
3
Amendments
1
Mar 16, 2017
Signed into law
Signed by Governor (Acts, ch. 17)
legislature
Feb 24, 2017
Committee
To Judiciary (S)
legislature
Feb 22, 2017
Introduced
Floor amendment (1) filed
legislature
Feb 14, 2017
Legislature · Passed
Posted in committee
legislature
Feb 9, 2017
Committee
To Judiciary (H)
legislature
Feb 7, 2017
Introduced
Introduced in House
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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