BILL NUMBER: SB 1206	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Aanestad

                        FEBRUARY 18, 2010

   An act to amend Section 685.010 of the Code of Civil Procedure,
relating to civil judgments.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1206, as introduced, Aanestad. Enforcement of judgments:
interest rate.
   Existing law provides for interest to accrue at a rate of 10% per
annum on the principal amount of a money judgment remaining
unsatisfied. Existing law also permits the Legislature to decrease
the interest rate to less than 10%.
   This bill would make a technical, nonsubstantive change to these
provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 685.010 of the Code of Civil Procedure is
amended to read:
   685.010.  (a) Interest accrues at the rate of 10 percent per annum
on the principal amount of a money judgment remaining unsatisfied.
   (b) The Legislature reserves the right to change the rate of
interest provided in subdivision (a) at any time to a rate of less
than 10 percent per annum, regardless of the date of entry of the
judgment or the date any obligation upon which the judgment is based
was incurred.  A   Any  change in the rate
of interest may be made applicable only to the interest that accrues
after the operative date of the statute that changes the rate.