HOUSE DOCKET, NO. 2249        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1459

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Bradley H. Jones, Jr.

_________________

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.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Bradley H. Jones, Jr.

20th Middlesex

1/17/2019

Bradford Hill

4th Essex

1/23/2019

Elizabeth A. Poirier

14th Bristol

1/17/2019

Susan Williams Gifford

2nd Plymouth

1/17/2019

Paul K. Frost

7th Worcester

1/30/2019

Todd M. Smola

1st Hampden

1/31/2019

Randy Hunt

5th Barnstable

1/28/2019

Steven S. Howitt

4th Bristol

1/30/2019

Michael J. Soter

8th Worcester

1/31/2019

 



HOUSE DOCKET, NO. 2249        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1459

By Mr. Jones of North Reading, a petition (accompanied by bill, House, No. 1459) of Bradley H. Jones, Jr., and others relative to prejudgment interest rates on damages awarded in tort actions and contract actions.  The Judiciary.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

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 2016 Official Edition, is hereby amended by striking out, in lines 5 and 6, 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 2016 Official Edition, is hereby amended by striking out, in lines 4 and 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 3. Said section 6C of said chapter 231 is hereby further amended by striking out, in line 8, the words “at the rate of twelve per cent annum” and inserting in place thereof the following:- calculated as set forth above.