Vote Smart's Synopsis:

Vote to concur with amendments and pass a bill that authorizes victims in personal injury cases and wrongful death cases to collect interest on money they receive from court for cases that reach a verdict.

Highlights:

• Specifies that the following interest rates shall be implemented for court judgments (Sec. 5): 

• 9% per annum from the date of judgment until judgment is satisfied; or 

• 6% per annum when a judgment debtor is a unit of local government, school district, a community college district, or any other governmental entity, or if the judgment is made in a personal injury or wrongful death claim.

• Establishes that plaintiffs may recover prejudgment interest in wrongful death or personal injury cases, and interest would accrue from the date the claim is filed (Sec. 5).

• Specifies that prejudgment interest cannot accrue for a period longer than 5 years (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass and amend a bill that authorizes victims in personal injury cases and wrongful death cases to collect interest on money they receive from court for cases that reach a verdict.

Highlights:

• Specifies that the following interest rates shall be implemented for court judgments (Sec. 5): 

• 9% per annum from the date of judgment until judgment is satisfied; or 

• 6% per annum when a judgment debtor is a unit of local government, school district, a community college district, or any other governmental entity, or if the judgment is made in a personal injury or wrongful death claim.

• Establishes that plaintiffs may recover prejudgment interest in wrongful death or personal injury cases, and interest would accrue from the date the claim is filed (Sec. 5).

• Specifies that prejudgment interest cannot accrue for a period longer than 5 years (Sec. 5).

Full Bill Text