House Bill 223

Actions | Amendments
Last Action signed by Governor (Acts, ch. 17)
Title AN ACT relating to interest.
Bill Documents Current/Final
Introduced
Impact Statements Local Mandate
Bill Request Number 890
Sponsor J. Fischer
Summary of Original Version Amend KRS 360.040 to make the state interest rate for most civil judgments, including judgments for prejudgment interest, 6 percent; provide that the judgment interest rate for unpaid child support is 12 percent; provide that the judgment interest rate on a contract, promissory note, or other written obligation is the rate established in that contract, promissory note, or other written obligation; amend KRS 342.040 to establish a 6 percent interest rate for worker's compensation orders and settlements; allow the administrative law judge to raise the interest rate to 12 percent; amend KRS 360.010 to conform; specify that the new interest rates only apply to judgments, orders, and settlements entered after the effective date of this Act.
Index Headings of Original Version Local Mandate - Judgments, interest rate for
Courts - Judgments, interest rate for
Interest and Usury - Judgments, interest rate for
Workers' Compensation - Orders, interest rate for
Workers' Compensation - Settlements, interest rate for
Civil Actions - Judgments, interest rate for
Civil Procedure - Judgments, interest rate for
Proposed Amendments House Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
02/07/17
  • introduced in House
02/09/17
  • to Judiciary (H)
02/14/17
  • posted in committee
02/16/17
  • reported favorably, 1st reading, to Calendar
02/17/17
  • 2nd reading, to Rules
02/21/17
  • posted for passage in the Regular Orders of the Day for Wednesday, February 22, 2017
02/22/17
  • floor amendment (1) filed
  • 3rd reading, passed 66-30
02/23/17
  • received in Senate
02/24/17
  • to Judiciary (S)
03/01/17
  • taken from Judiciary (S)
  • 1st reading
  • returned to Judiciary (S)
03/02/17
  • reported favorably, 2nd reading, to Rules as a consent bill
03/03/17
  • posted for passage in the Consent Orders of the Day for Friday, March 3, 2017
  • 3rd reading, passed 36-1
  • received in House
03/06/17
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/16/17
  • signed by Governor (Acts, ch. 17)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor A. Hatton
Summary Set judgment interest rate to the Federal Discount rate plus five percent, but not less than eight percent.
Index Headings Local Mandate - Judgments, interest rate for
Courts - Judgments, interest rate for
Interest and Usury - Judgments, interest rate for
Workers' Compensation - Orders, interest rate for
Workers' Compensation - Settlements, interest rate for
Civil Actions - Judgments, interest rate for
Civil Procedure - Judgments, interest rate for

Last updated: 1/16/2019 3:02 PM (EST)