REPORT TITLE:
Interest on judgments


DESCRIPTION:
Clarifies post-judgment interest statute.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2299
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO INTEREST.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 478-3, Hawaii Revised Statutes, is
 
 2 amended to read as follows:
 
 3      "§478-3  On judgment.  Interest at the rate of ten per cent
 
 4 a year[, and no more,] shall be [allowed]:
 
 5      (1)  Allowed on any judgment recovered before any court in
 
 6           the State[,] in any civil suit[.]; and
 
 7      (2)  Calculated on the total judgment amount."  
 
 8      SECTION 2.  Statutory material to be repealed is bracketed.
 
 9 New statutory material is underscored.
 
10      SECTION 3.  This Act shall take effect upon its approval.
 
11 
 
12                       INTRODUCED BY:  ___________________________