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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status