Illinois General Assembly - Full Text of HB5487
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Full Text of HB5487  100th General Assembly




State of Illinois
2017 and 2018


Introduced , by Rep. Will Guzzardi


735 ILCS 5/2-1303  from Ch. 110, par. 2-1303

    Amends the Code of Civil Procedure. Provides that for judgments of $50,000 or less that do not include any compensation for bodily injury or death, judgments recovered in any court shall draw interest at a rate of 2% (currently 9% or 6% if the judgment debtor is a governmental entity) per annum. Effective immediately.

LRB100 20529 HEP 35914 b





HB5487LRB100 20529 HEP 35914 b

1    AN ACT concerning civil law.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Code of Civil Procedure is amended by
5changing Section 2-1303 as follows:
6    (735 ILCS 5/2-1303)  (from Ch. 110, par. 2-1303)
7    Sec. 2-1303. Interest on judgment.
8    (a) Judgments recovered in any court shall draw interest at
9the rate of 9% per annum from the date of the judgment until
10satisfied at the rate of:
11        (1) or 6% per annum when the judgment debtor is a unit
12    of local government, as defined in Section 1 of Article VII
13    of the Constitution, a school district, a community college
14    district, or any other governmental entity
15        (2) 2% per annum for judgments of $50,000 or less that
16    do not include any compensation for bodily injury or death;
17    and
18        (3) 9% per annum in all other cases.
19    (b) When judgment is entered upon any award, report or
20verdict, interest shall be computed at the applicable above
21rate, from the time when made or rendered to the time of
22entering judgment upon the same, and included in the judgment.
23Interest shall be computed and charged only on the unsatisfied



HB5487- 2 -LRB100 20529 HEP 35914 b

1portion of the judgment as it exists from time to time. The
2judgment debtor may by tender of payment of judgment, costs and
3interest accrued to the date of tender, stop the further
4accrual of interest on such judgment notwithstanding the
5prosecution of an appeal, or other steps to reverse, vacate or
6modify the judgment.
7(Source: P.A. 85-907.)
8    Section 99. Effective date. This Act takes effect upon
9becoming law.