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