Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Civil Practice and Remedies Code to specify that postjudgment interest does not accrue on unpaid balances of certain damages awards. It is not anticipated that the bill would result in a fiscal impact to the court system or to the the Health and Human Services Commission. The change in law would apply only to an award of damages made after the bill's effective date. The bill would take effect September 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 529 Health and Human Services Commission