77R15841 KLA-F
By Harris S.B. No. 776
Substitute the following for S.B. No. 776:
By Goodman C.S.S.B. No. 776
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the accrual of interest on child support.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 157.265, Family Code, is amended to read
1-5 as follows:
1-6 Sec. 157.265. ACCRUAL OF INTEREST ON CHILD SUPPORT. (a)
1-7 Interest accrues on the portion of delinquent child support that is
1-8 greater than the amount of the monthly periodic support obligation
1-9 at the rate of six [12] percent simple interest per year from the
1-10 date the support is delinquent until the date the support is paid
1-11 or the arrearages are confirmed and reduced to money judgment.
1-12 (b) Interest accrues on child support arrearages that have
1-13 been confirmed and reduced to money judgment as provided in this
1-14 subchapter at the rate of six [12] percent simple interest per year
1-15 from the date the order is rendered until the date the judgment is
1-16 paid.
1-17 (c) Interest accrues on a money judgment for retroactive or
1-18 lump-sum child support at the annual rate of six [12] percent
1-19 simple interest from the date the order is rendered until the
1-20 judgment is paid.
1-21 SECTION 2. The change in law made by Section 157.265, Family
1-22 Code, as amended by this Act, applies only to a child support
1-23 payment that becomes due on or after the effective date of this
1-24 Act. A child support payment that became due before the effective
2-1 date of this Act is governed by the law in effect on the date the
2-2 child support payment became due, and the former law is continued
2-3 in effect for that purpose.
2-4 SECTION 3. This Act takes effect January 1, 2002.