Mass. Gen. Laws ch. 231 § 6I

Current through Chapter 223 of the 2024 Legislative Session
Section 231:6I - Interest rate; schedule

Interest required to be paid by the commonwealth pursuant to this section shall be calculated at a 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 date of the judgment; provided, however, that such interest shall not exceed the rate of ten percent per annum. The secretary of administration and finance shall maintain a schedule of the rate described above for the distribution to all clerks of courts.

Mass. Gen. Laws ch. 231, § 6I

Amended by Acts 2004, c. 352,§ 49, eff. 9/17/2004.