SENATE BILL 776 |
SENATE AUTHOR: Harris |
EFFECTIVE: See below |
HOUSE SPONSOR: Goodman |
Senate Bill 776 amends the Family Code to reduce from 12 to 6 percent the interest rate on delinquent child support, child support arrearages, and retroactive child support awards. The bill also requires a child support agency or local child support registry that receives an amount of child support in excess of the court-ordered amount from an obligor who is not in arrears to attempt to carry out the intent of the obligor. If the obligor does not express an intent for the application of the excess amount, the agency or registry is required to credit the amount to the obligor's future child support obligation and promptly disburse the excess amount to the obligee.