House Sponsors: SCHAKOWSKY. Short description: CIV PRO-PREJUDGMENT INTEREST Synopsis of Bill as introduced: Amends the Code of Civil Procedure and the Interest Act. Replaces provisions concerning interest on judgments and interest allowed to creditors. Provides for interest in specified types of actions (but not including actions for damages arising from personal injury or death). Specifies methods for calculating applicable rates of prejudgment and postjudgment interest based on yield equivalents of U.S. Treasury bills. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes a provision stating that the Section of the Code of Civil Procedure concerning interest on judgments, as amended by the bill, does not authorize the recovery of prejudgment interest for damages arising from personal injury or death. FISCAL NOTE, H-AM 1 (Ill. Courts Administrative Office) There would be no fiscal impact on the judicial branch. JUDICIAL NOTE, H-AM 1 There may be a minimal increase in judicial workloads, but no increase in the need for the number of judges in the State. FISCAL NOTE, H-AM 1 (Dpt. Financial Institutions) There would be no fiscal impact on this Department. STATE MANDATES FISCAL NOTE, H-AM 1 In the opinion of DCCA, HB628, as amended by Amendment 1, fails to create a State mandate under the State Mandates Act. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status