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2004 SESSION

• | print version

HB 1460 Judgment and legal rate of interest; lowered.

Introduced by: Gary A. Reese | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Rates of interest. Provides that the legal and judgment rates of interest both are lowered from the current rate of eight and nine percent respectively to six percent, to reflect current market realities. Clarifies that where the relevant contract or instrument is silent and the court or jury has not set the interest rate, the same rate is applied for prejudgment and post-judgment interest. This bill incorporates HB 260.

FULL TEXT

• 01/23/04  House: Presented & ordered printed 040549484  pdf | impact statement
• 02/14/04  House: Committee substitute printed 040575484-H1  pdf
• 03/15/04  House: Bill text as passed House and Senate (HB1460ER)  pdf | impact statement
• 04/20/04  Governor: Acts of Assembly Chapter text (CHAP0646)  pdf

HISTORY

• 01/23/04  House: Presented & ordered printed 040549484
• 01/23/04  House: Referred to Committee for Courts of Justice
• 02/13/04  House: Reported from C. J. with substitute (20-Y 2-N)
• 02/14/04  House: Committee substitute printed 040575484-H1
• 02/14/04  House: Read first time
• 02/16/04  House: Read second time
• 02/16/04  House: Committee substitute agreed to 040575484-H1
• 02/16/04  House: Engrossed by House - committee substitute HB1460H1
• 02/17/04  House: Read third time and passed House (96-Y 4-N)
• 02/17/04  House: VOTE: PASSAGE (96-Y 4-N)
• 02/17/04  House: Communicated to Senate
• 02/18/04  Senate: Constitutional reading dispensed
• 02/18/04  Senate: Referred to Committee for Courts of Justice
• 02/23/04  Senate: Reported from Courts of Justice (14-Y 0-N 1-A)
• 02/24/04  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/24/04  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
• 02/25/04  Senate: Read third time
• 02/25/04  Senate: Passed Senate (40-Y 0-N)
• 02/25/04  Senate: VOTE: PASSAGE (40-Y 0-N)
• 03/15/04  House: Bill text as passed House and Senate (HB1460ER)
• 03/15/04  House: Enrolled
• 03/16/04  House: Signed by Speaker
• 03/16/04  Senate: Signed by President
• 04/12/04  Governor: Approved by Governor-Chapter 646 (effective 7/1/04)
• 04/20/04  Governor: Acts of Assembly Chapter text (CHAP0646)