Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House circles HB 91 after extended debate on prejudgment interest rate
Summary
Lawmakers debated HB 91, a bill to clarify prejudgment interest language and replace a 10% fixed rate with a variable market rate capped between 5% and 10%; members raised concerns about effects on litigation incentives and the bill was circled for amendment and later consideration.
SALT LAKE CITY — The Utah House on Feb. 24 debated House Bill 91, which would clarify statutory language governing prejudgment interest and change the default rate from a fixed 10% to a variable, market‑based rate subject to a 5%–10% floor and ceiling. Sponsors said the change modernizes an interest rate last set in 1982; critics warned it may…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
