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S.B. 212

             1     

JUDICIAL CODE AMENDMENTS

             2     
2013 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Ralph Okerlund

             5     
House Sponsor: Daniel McCay

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends provisions related to interest accrued in personal injury judgments.
             10      Highlighted Provisions:
             11          This bill:
             12          .    amends the rate calculation for prejudgment interest accrued in personal injury
             13      judgments.
             14      Money Appropriated in this Bill:
             15          None
             16      Other Special Clauses:
             17          None
             18      Utah Code Sections Affected:
             19      AMENDS:
             20          78B-5-824, as last amended by Laws of Utah 2009, Chapter 276
             21     
             22      Be it enacted by the Legislature of the state of Utah:
             23          Section 1. Section 78B-5-824 is amended to read:
             24           78B-5-824. Personal injury judgments -- Interest authorized.
             25          (1) In all actions brought to recover damages for personal injuries sustained by any
             26      person, caused by the negligence or willful intent of another person, corporation, association,
             27      or partnership, and whether the injury was fatal or otherwise, the plaintiff in the complaint may


             28      claim interest on special damages actually incurred [from the date of the occurrence of the act
             29      giving rise to the cause of action].
             30          (2) It is the duty of the court, in entering judgment for plaintiff in that action, to add to
             31      the amount of special damages actually incurred that are assessed by the verdict of the jury, or
             32      found by the court, prejudgment interest on that amount [calculated at 7.5% simple interest per
             33      annum, from the date of the occurrence of the act giving rise to the cause of action to the date
             34      of entering the judgment,] and to include it in that judgment. The court shall calculate
             35      prejudgement interest using a per annum rate, which is one percentage point above the prime
             36      rate, as published by the board of governors of the federal reserve system on the first business
             37      day in January of the calendar year in which the judgment is entered, and shall be computed as
             38      simple interest accruing during the period from the date 90 days after commencement of the
             39      lawsuit to the date entering the judgment.
             40          (3) As used in this section, "special damages actually incurred" does not include
             41      damages for future medical expenses, loss of future wages, or loss of future earning capacity.




Legislative Review Note
    as of 2-15-13 8:13 AM


Office of Legislative Research and General Counsel


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