Relating to the legal rate of interest.
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2017
Last action Jul 8, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jul 8, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Jan 17, 2017
Committee
Referred to Judiciary.
legislature
Jan 9, 2017
Introduced
Introduction and first reading. Referred to President's desk.
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Lew Frederick
DDemocratic
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