House File 259 HOUSE FILE BY COMMITTEE ON JUDICIARY (SUCCESSOR TO HSB 29) Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to interest on weekly workers' compensation 2 payments. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1714HV 80 5 av/sh/8 PAG LIN 1 1 Section 1. Section 535.3, subsection 1, Code 2003, is 1 2 amended to read as follows: 1 3 1. Interest shall be allowed on all money due on judgments 1 4 and decrees of courts at a rate calculated according to 1 5 section 668.13, except for interest due pursuant to section 1 6 85.30 for which the rate shall betenfive percent per year. 1 7 EXPLANATION 1 8 This bill provides that interest on weekly unpaid workers' 1 9 compensation payments is paid at the rate of 5 percent per 1 10 year. 1 11 LSB 1714HV 80 1 12 av/sh/8 1 13 1 14 1 15 1 16 1 17 1 18 1 19 1 20 1 21 1 22 1 23 1 24 1 25 1 26 1 27 1 28 1 29 1 30 1 31 1 32 1 33 1 34 1 35