093_HB3482

 
                                     LRB093 04838 WGH 07766 b

 1        AN ACT in relation to civil procedure.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Code of Civil  Procedure  is  amended  by
 5    changing 2-1303 as follows:

 6        (735 ILCS 5/2-1303) (from Ch. 110, par. 2-1303)
 7        Sec.  2-1303.  Interest on judgment.  Judgments recovered
 8    in any court shall draw interest at the rate of 9% per  annum
 9    from  the  date  the  cause of action accrued of the judgment
10    until satisfied or 6% per annum when the judgment debtor is a
11    unit of local government, as defined in Section 1 of  Article
12    VII  of  the  Constitution,  a  school  district, a community
13    college district, or any  other  governmental  entity.   When
14    judgment  is  entered  upon  any  award,  report  or verdict,
15    interest shall be computed at the above rate, from  the  date
16    the cause of action accrued time when made or rendered to the
17    date time of entering judgment upon the same, and included in
18    the judgment.  Interest shall be computed and charged only on
19    the  unsatisfied  portion  of  the judgment as it exists from
20    time to time.  The judgment debtor may by tender  of  payment
21    of  judgment,  costs  and  interest  accrued  to  the date of
22    tender, stop the further accrual of interest on such judgment
23    notwithstanding the prosecution of an appeal, or other  steps
24    to reverse, vacate or modify the judgment.
25    (Source: P.A. 85-907.)

26        Section  99.  Effective date.  This Act takes effect upon
27    becoming law.