By Uher H.B. No. 3800
76R9845 DAK-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the accrual of interest on certain judgments.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 304.005, Finance Code, is amended by
1-5 adding Subsections (c) and (d) to read as follows:
1-6 (c) If judgment is rendered for a plaintiff and the
1-7 plaintiff appeals the judgment, interest does not accrue if the
1-8 party against whom the judgment is rendered:
1-9 (1) does not also appeal the judgment; and
1-10 (2) offers to pay the plaintiff the amount of the
1-11 judgment and all interest accrued to the date of the offer to pay.
1-12 (d) Interest begins accruing on a judgment under Subsection
1-13 (c) if the party against whom the judgment is rendered:
1-14 (1) appeals the judgment; or
1-15 (2) withdraws in writing the offer to pay under
1-16 Subsection (c)(2).
1-17 SECTION 2. This Act takes effect September 1, 1999, and
1-18 applies only to a judgment rendered on or after that date. A
1-19 judgment rendered before the effective date of this Act is governed
1-20 by the law applicable to the judgment immediately before the
1-21 effective date of this Act, and that law is continued in effect for
1-22 that purpose.
1-23 SECTION 3. The importance of this legislation and the
1-24 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended.