SENATE DOCKET, NO. 526        FILED ON: 1/15/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 856

The Commonwealth of Massachusetts

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PRESENTED BY:

Jason M. Lewis

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to prejudgment interest rates.

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PETITION OF:

SENATE DOCKET, NO. 526        FILED ON: 1/15/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 856

The Commonwealth of Massachusetts

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In the One Hundred and Eighty-Ninth General Court
(2015-2016)

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An Act relative to prejudgment interest rates.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 6B of chapter 231 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out, in line 5, the words “at the rate of twelve per cent per annum” and inserting in place thereof the following:- calculated at a weekly average one-year constant maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding date of the judgment.

SECTION 2. Section 6C of said chapter 231 is hereby amended by striking out, in line 4, the words “at the rate of twelve per cent per annum” and inserting in place thereof the following:- calculated at a Weekly average one-year constant maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding date of the judgment.

SECTION 3. Said section 6C of said chapter 231 is hereby further amended by striking out, in line 7, the words “at the rate of twelve per cent annum” and inserting in place thereof the following:- calculated as set forth above.