Relates to interest rates on judgments
This bill changes how interest is calculated on judgments against government entities. It sets the interest rate equal to the weekly average one-year U.S. Treasury yield (published by the Federal Reserve) for the week before the judgment is entered, with caps: 9% per year for most cases and 6% for condemnation or wrongful death claims. It applies to municipal corporations (cities/towns), public housing authorities, the state government, and certain public corporations like utility or infrastructure entities. The law replaces previous fixed-rate standards with this market-based formula while maintaining maximum interest limits.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2025
Last action Jan 7, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO JUDICIARY
lower
Jan 16, 2025
Committee
REFERRED TO JUDICIARY
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John McDonald
DDemocratic
Co
Al Stirpe
DDemocratic
Co
Carrie Woerner
DDemocratic
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