MN SF2722

Exempts judgments and awards for or against the state or any political subdivision from the 10 percent interest rate applied to awards over $50,000, requiring them to use the lower Treasury bill-based rate regardless of amount.

Establishes interest rate for state and political subdivision judgments based on one-year constant maturity Treasury yield, rounded to nearest one percent or four percent, whichever is greater, determined annually by December 20th.

Maintains 10 percent annual interest rate for judgments over $50,000 involving private parties, while judgments of $50,000 or less use the Treasury bill-based rate.

Excludes preverdict interest from workers' compensation cases, future damages, punitive damages, and amounts not exceeding section 491A.01 limits.

Applies to judgments and awards finally entered on or after April 16, 2010.