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OK HB2664

Bill

Status

Engrossed

3/10/2010

Primary Sponsor

Daniel Sullivan

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Modifies prejudgment interest provisions for civil cases filed in district courts, changing the applicable date from January 1, 2010 to November 1, 2009.

  • Applies to actions where verdicts for personal injury damages are awarded; prejudgment interest accrues starting 24 months after the suit is commenced.

  • Interest rates are based on prime rate plus 2% for postjudgment interest and average U.S. Treasury Bill rates for prejudgment interest, adjusted annually by calendar year.

  • Interest calculations are performed separately for each calendar year a judgment remains unpaid, with rates certified by the Administrative Director of the Courts.

  • Declares the measure an emergency act, indicating immediate implementation was necessary.

Legislative Description

Civil procedure; modifying certain date relating to prejudgment interest.

Civil and Criminal Procedure and Courts

Last Action

Reported Do Pass Judiciary committee; CR filed

3/31/2010

Committee Referrals

Judiciary3/15/2010
Economic Development and Financial Services2/22/2010
Judiciary2/16/2010
Rules2/2/2010

Full Bill Text

No bill text available