New York A 320: Provides for interest to be recovered upon a sum awarded in certain circumstances

Bill Text

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A00320 Summary:

BILL NOA00320 

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SAME ASSAME AS S06449

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SPONSORCruz

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COSPNSR

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MLTSPNSR

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Amd §5001, CPLR

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Relates to interest to be recovered upon a sum awarded in certain circumstances.

Go to top A00320 Actions:

BILL NOA00320 

&nbsp

01/08/2025referred to codes

01/07/2026referred to codes

Go to topA00320 Committee&nbspVotes:

Go to topA00320 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00320 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 320

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. CRUZ -- read once and referred to the Committee
 on Codes

 AN ACT to amend the civil practice law and rules, in relation to inter-
 est to be recovered upon a sum awarded in certain circumstances

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivisions (a) and (c) of section 5001 of the civil prac-
 2 tice law and rules are amended to read as follows:
 3 (a) Actions in which recoverable. Interest shall be recovered upon a
 4 sum awarded because of a breach of performance of a contract, or because
 5 of an act or omission depriving or otherwise interfering with title to,
 6 or possession or enjoyment of, property, or for bodily injury, except
 7 that in an action of an equitable nature, interest and the rate and date
 8 from which it shall be computed shall be in the court's discretion.
 9 (c) Specifying date; computing interest. The date from which interest
 10 is to be computed shall be specified in the verdict, report or decision.
 11 In all cases involving bodily injury, the interest shall be computed
 12 from the date of injury or loss. If a jury is discharged without speci-
 13 fying the date, the court upon motion shall fix the date, except that
 14 where the date is certain and not in dispute, the date may be fixed by
 15 the clerk of the court upon affidavit. The amount of interest shall be
 16 computed by the clerk of the court, to the date the verdict was rendered
 17 or the report or decision was made, and included in the total sum
 18 awarded.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00722-01-5

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