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CS/CS/SB 866: Judgment Interest

GENERAL BILL by Governmental Oversight and Accountability ; Judiciary ; Bogdanoff

Judgment Interest; Requires the Chief Financial Officer to set the rate of interest payable on judgments or decrees for the calendar quarter on certain specified dates. Revises the calculation of the interest rate. Specifies the dates the rate of interest established by the Chief Financial Officer is to take effect. Provides that the rate of interest is established at the time a judgment is obtained. Requires that such interest rate be adjusted quarterly in accordance with a certain interest rate. Conforms provisions to changes made by the act.

Effective Date: 7/1/2011
Last Action: 5/6/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 567 (Ch. 2011-169) -SJ 1120
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Governmental Oversight and Accountability (GO)

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  • Bill History

    Date Chamber Action
    2/8/2011 Senate • Filed
    2/17/2011 Senate • Referred to Judiciary; Governmental Oversight and Accountability; Budget -SJ 68
    3/8/2011 Senate • Introduced -SJ 68
    3/9/2011 Senate • On Committee agenda-- Judiciary, 03/14/11, 1:00 pm, 110 Senate Office Building
    3/14/2011 Senate • CS by Judiciary; YEAS 7 NAYS 0 -SJ 236
    3/16/2011 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    3/21/2011 Senate • Now in Governmental Oversight and Accountability -SJ 236
    3/22/2011 Senate • CS by Judiciary read 1st time -SJ 257
    3/25/2011 Senate • On Committee agenda-- Governmental Oversight and Accountability, 03/30/11, 3:45 pm, 110 Senate Office Building
    3/30/2011 Senate • CS/CS by Governmental Oversight and Accountability; YEAS 12 NAYS 0 -SJ 323
    4/1/2011 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    4/5/2011 Senate • Now in Budget -SJ 323
    • CS/CS by Governmental Oversight and Accountability read 1st time -SJ 340
    5/4/2011 Senate • Withdrawn from Budget -SJ 830
    • Placed on Calendar, on 2nd reading
    5/5/2011 Senate • Placed on Special Order Calendar, 05/05/11
    • Placed on Special Order Calendar, 05/06/11
    5/6/2011 Senate • Read 2nd time -SJ 1120
    • Amendment(s) adopted (611164) -SJ 1120
    • Substituted CS/HB 567 -SJ 1120
    • Laid on Table, companion bill(s) passed, see CS/HB 567 (Ch. 2011-169) -SJ 1120

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  • CS/CS/SB 866, Committee Substitute 2 (Current Bill Version) Posted 4/1/2011 at 3:41 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 567 (er) Judgment Interest Hudson Compare Last Action: 6/17/2011 Chapter No. 2011-169
    Location: Became Law

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    611164 - Amendment
    Delete lines 18 - 58 and insert:
    Bogdanoff 5/5/2011
    12:02 PM
    Senate: Adopted
    5/6/2011
    Web Page
    PDF

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    55.03 Judgments; rate of interest, generally. Page 1 (pdf)
    717.1341 Invalid claims, recovery of property, interest and penalties. Page 3 (pdf)

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  • CS/SB 866, Committee Substitute 1 Posted 3/16/2011 at 4:30 PM

    Bill Text:   Web Page | PDF
    Analyses:   Governmental Oversight and Accountability (Pre-Meeting) 3/29/2011 (pdf)
    Governmental Oversight and Accountability (Post-Meeting) 4/1/2011 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 567 Judgment Interest Hudson Similar Last Action: 6/17/2011 Chapter No. 2011-169
    Location: Became Law

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    883380 - Amendment
    Delete lines 15 - 38 and insert:
    Governmental Oversight and Accountability
    (Bogdanoff)
    3/29/2011
    11:56 AM
    Replaced by Committee Substitute
    3/30/2011
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/30/2011 3:45 PM Governmental Oversight and Accountability 12 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    55.03 Judgments; rate of interest, generally. Page 1 (pdf)
    717.1341 Invalid claims, recovery of property, interest and penalties. Page 2 (pdf)

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  • SB 866, Original Filed Version Posted 2/8/2011 at 1:35 PM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 3/11/2011 (pdf)
    Judiciary (Post-Meeting) 3/16/2011 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 567 Judgment Interest Hudson Identical Last Action: 6/17/2011 Chapter No. 2011-169
    Location: Became Law

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    915130 - Amendment
    Delete lines 14 - 31 and insert:
    Judiciary
    (Bogdanoff)
    3/11/2011
    2:15 PM
    Replaced by Committee Substitute
    3/14/2011
    Web Page
    PDF
    hierarchy 908800 - Amendment to Amendment (915130)
    Delete line 11 and insert:
    Judiciary
    (Bogdanoff)
    3/14/2011
    4:49 PM
    Replaced by Committee Substitute
    3/14/2011
    Web Page
    PDF
    hierarchy 431266 - Amendment to Amendment (915130)
    Delete line 11 and insert:
    Judiciary
    (Bogdanoff)
    3/14/2011
    4:49 PM
    Withdrawn
    3/14/2011
    Web Page
    PDF
    777472 - Amendment
    Between lines 31 and 32 insert:
    Judiciary
    (Bogdanoff)
    3/14/2011
    5:08 PM
    Replaced by Committee Substitute
    3/14/2011
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/14/2011 1:00 PM Judiciary 7 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    55.03 Judgments; rate of interest, generally. Page 1 (pdf)
    717.1341 Invalid claims, recovery of property, interest and penalties. Page 2 (pdf)

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