A 2319 New York Assembly · 2025 Regular Session

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
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Total actions
2
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0
Committee
2
Jan 7, 2026
Committee
REFERRED TO JUDICIARY
lower
Jan 16, 2025
Committee
REFERRED TO JUDICIARY
lower
1 primary · 2 co-sponsors

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