Relating to the legal rate of interest.
Summary
Changes legal rate of interest from nine percent per annum to greater of one percent per annum or rate equal to weekly average one-year constant maturity Treasury yield. Provides for interest to be compounded annually.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 1, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jul 7, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Feb 7, 2017
Committee
Referred to Judiciary.
legislature
Feb 1, 2017
Introduced
First reading. Referred to Speaker's desk.
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mitch Greenlick
DDemocratic
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