Senate Study Bill 1005

                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            BUSINESS AND LABOR
                                            RELATIONS BILL BY
                                            CHAIRPERSON SCHUERER)


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing that interest on weekly workers' compensation
  2    payments is paid at the same rate as for court judgments and
  3    decrees.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1714SC 80
  6 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 be ten 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 same rate as for court
  1 10 judgments and decrees instead of at 10 percent per year.
  1 11 LSB 1714SC 80
  1 12 av/sh/8
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