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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

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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)