Florida Senate - 2017 COMMITTEE AMENDMENT Bill No. SB 334 Ì613288FÎ613288 LEGISLATIVE ACTION Senate . House Comm: WD . 02/22/2017 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Judiciary (Mayfield) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Section 55.035, Florida Statutes, is created to 6 read: 7 55.035 Prejudgment interest.— 8 (1) In any action in which a plaintiff recovers economic 9 damages, the court shall include interest on each component of 10 economic damages in the final judgment. 11 (a) For economic damages, interest accrues from the date of 12 the loss of an economic benefit to the plaintiff. 13 (b) Interest can only accrue on the actual amount of 14 economic loss of the plaintiff. 15 (2) The rate of interest applicable to this section is the 16 rate established pursuant to s. 55.03. Interest may not accrue 17 on the prejudgment interest awarded in the final judgment. 18 (3) For any action to which prejudgment interest applies 19 which is pending on July 1, 2017, or commenced thereafter, the 20 court shall provide interest in accordance with this section, 21 with such interest accruing from no earlier than July 1, 2017, 22 regardless of the date when losses were incurred, the claim was 23 made, or attorney fees or costs were paid. 24 Section 2. This act shall take effect July 1, 2017. 25 26 ================= T I T L E A M E N D M E N T ================ 27 And the title is amended as follows: 28 Delete everything before the enacting clause 29 and insert: 30 A bill to be entitled 31 An act relating to prejudgment interest; creating s. 32 55.035, F.S.; requiring a court to include interest in 33 a final judgment in any action in which a plaintiff 34 recovers economic damages; specifying the date from 35 which interest accrues; specifying the applicable 36 interest rate; providing for applicability; providing 37 an effective date.