SENATE DOCKET, NO. 208 FILED ON: 1/13/2017
SENATE . . . . . . . . . . . . . . No. 887
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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:
Name: | District/Address: |
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Jason M. Lewis | Fifth Middlesex |
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Bradley H. Jones, Jr. | 20th Middlesex | 1/17/2018 |
SENATE DOCKET, NO. 208 FILED ON: 1/13/2017
SENATE . . . . . . . . . . . . . . No. 887
By Mr. Lewis, a petition (accompanied by bill, Senate, No. 887) of Jason M. Lewis for legislation relative to prejudgment interest rates. The Judiciary. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 856 OF 2015-2016.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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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 of the General Laws, as appearing in the 2014 Official Edition, 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.