Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 25, 2022 |
enacting clause stricken recommitted to codes |
Jan 05, 2022 |
ordered to third reading cal.79 |
Jun 02, 2021 |
ordered to third reading rules cal.291 rules report cal.291 reported |
May 19, 2021 |
reported referred to rules |
May 07, 2021 |
print number 1538a |
May 07, 2021 |
amend and recommit to codes |
Jan 11, 2021 |
referred to codes |
Assembly Bill A1538A
2021-2022 Legislative Session
Sponsored By
GOTTFRIED
Archive: Last Bill Status - Stricken
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
John T. McDonald III
2021-A1538 - Details
2021-A1538 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1538 2021-2022 Regular Sessions I N A S S E M B L Y January 11, 2021 ___________ Introduced by M. of A. GOTTFRIED -- read once and referred to the Committee on Codes AN ACT to amend the civil practice law and rules, in relation to the rate of interest on a judgment for medical debt THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5004 of the civil practice law and rules, as amended by chapter 258 of the laws of 1981, is amended to read as follows: § 5004. Rate of interest. Interest shall be at the rate of nine per centum per annum, except where otherwise provided by statute, PROVIDED THAT IN MEDICAL DEBT ACTIONS BY A HOSPITAL LICENSED UNDER ARTICLE TWEN- TY-EIGHT OF THE PUBLIC HEALTH LAW OR A HEALTH CARE PROFESSIONAL AUTHOR- IZED UNDER TITLE EIGHT OF THE EDUCATION LAW THE INTEREST RATE SHALL BE CALCULATED AT THE ONE-YEAR UNITED STATES TREASURY BILL RATE. FOR THE PURPOSES OF THIS SECTION, THE "ONE-YEAR UNITED STATES TREASURY BILL RATE" MEANS THE WEEKLY AVERAGE ONE-YEAR CONSTANT MATURITY TREASURY YIELD, AS PUBLISHED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, FOR THE CALENDAR WEEK PRECEDING THE DATE OF THE ENTRY OF THE JUDGMENT AWARDING DAMAGE. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00594-01-1
co-Sponsors
John T. McDonald III
Steven Otis
Kenny Burgos
Karines Reyes
2021-A1538A (ACTIVE) - Details
2021-A1538A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1538--A 2021-2022 Regular Sessions I N A S S E M B L Y January 11, 2021 ___________ Introduced by M. of A. GOTTFRIED, McDONALD -- read once and referred to the Committee on Codes -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the civil practice law and rules, in relation to the rate of interest on a judgment for medical debt THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5004 of the civil practice law and rules, as amended by chapter 258 of the laws of 1981, is amended to read as follows: § 5004. Rate of interest. (A) Interest shall be at the rate of nine per centum per annum, except where otherwise provided by statute, PROVIDED THAT THE ANNUAL RATE OF INTEREST TO BE PAID ON A JUDGMENT OR ACCRUED CLAIM IN AN ACTION ARISING OUT OF A MEDICAL DEBT SHALL BE THE LESSER OF THE ONE-YEAR UNITED STATES TREASURY BILL RATE OR THREE PER CENTUM PER ANNUM. (B) FOR THE PURPOSES OF THIS SECTION THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "MEDICAL DEBT" MEANS ANY OBLIGATION OR ALLEGED OBLIGATION OF ANY NATURAL PERSON TO PAY MONEY ARISING OUT OF MEDICAL CARE PROVIDED TO THAT PERSON BY A HOSPITAL LICENSED UNDER ARTICLE TWENTY-EIGHT OF THE PUBLIC HEALTH LAW OR A HEALTH CARE PROFESSIONAL AUTHORIZED UNDER TITLE EIGHT OF THE EDUCATION LAW. 2. "ONE-YEAR UNITED STATES TREASURY BILL RATE" MEANS THE WEEKLY AVER- AGE ONE-YEAR CONSTANT MATURITY TREASURY YIELD, AS PUBLISHED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, FOR THE FIRST FULL CALENDAR WEEK OF THE CALENDAR MONTH PRECEDING THE DATE IN WHICH THE JUDGMENT AWARDING DAMAGES IS ENTERED. (C) THE ONE-YEAR UNITED STATES TREASURY BILL RATE SHALL BE CALCULATED BY THE OFFICE OF COURT ADMINISTRATION. THE OFFICE OF COURT ADMINIS- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00594-03-1
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