Interest on final judgments
Sec. 5. (a) This section applies to actions or proceedings in which:
(1) the state, a board, a commission, an agency, or an official is
authorized by law to sue or be sued; and
(2) a money judgment is authorized by law to be entered and to
be paid out of state funds in the custody of the state or in the
custody of the board, commission, agency, or official.
(b) Interest attaches to a final judgment entered in an action or
proceeding described in subsection (a):
(1) at the annual rate of six percent (6%); and
(2) beginning with the forty-fifth day after the rendition of the
judgment.
As added by P.L.1-1998, SEC.50.
Last modified: May 24, 2006