REPORT TITLE:
Post-Judgment Interest


DESCRIPTION:
Clarifies that the post-judgement interest rate shall be ten
percent per year on the total judgment amount.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           2438
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO JUDGMENTS.


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,] year shall be allowed on the total amount
 
 5 of any judgment recovered before any court in the State, in any
 
 6 civil suit."
 
 7      SECTION 2.  Statutory material to be repealed is bracketed.
 
 8 New statutory material is underscored.
 
 9      SECTION 3.  This Act shall take effect upon its approval.
 
10 
 
11                           INTRODUCED BY:_________________________