91st General Assembly Summary of HB1791    [ Home ]   [ Back ]   [ Legislation ]

Legislation:   Please enter a bill number.

House Sponsors:
HOFFMAN-FRITCHEY.

Short description: 
CIV PRO-PREJUDGMENT INTEREST                                               

Synopsis of Bill as introduced:
        Amends  the  Code  of  Civil  Procedure  and  the  Interest  Act.      
   Replaces provisions concerning  interest  on  judgments  and  interest      
   allowed  to  creditors.   Provides  for interest in specified types of      
   actions.   Specifies  methods  for  calculating  applicable  rates  of      
   prejudgment and postjudgment interest based on  yield  equivalents  of      
   U.S. Treasury bills. Makes other changes. Effective immediately.            
          STATE MANDATES NOTE (Dept. of Commerce and Community Affairs)        
          Does not create a State mandate.                                     
          JUDICIAL NOTE (Administrative Office of Ill. Courts)                 
          The bill would neither decrease nor increase the number of           
          judges needed in the State.                                          
          FISCAL NOTE (Office of Banks and Real Estate)                        
          Creates no fiscal impact.                                            
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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