H-156                _______________________________________________

                                                    HOUSE BILL NO. 676

                        _______________________________________________

State of Washington                              49th Legislature                              1985 Regular Session

By Representatives Appelwick, P. King, Padden, Dellwo, McMullen, Armstrong, Wang, Schmidt and Tanner

Read first time 2/8/85 and referred to Committee on Judiciary.

AN ACT Relating to interest on judgments; and amending RCW 4.56.110 and 4.56.115.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  Section 4, chapter 136, Laws of 1895 as last amended by section 1, chapter 147, Laws of 1983 and RCW 4.56.110 are each amended to read as follows:

          Interest on judgments shall accrue as follows:

          (1) Judgments founded on written contracts, providing for the payment of interest until paid at a specified rate, shall bear interest at the rate specified in the contracts((:  PROVIDED, That said)).  The interest rate ((is)) shall be set forth in the judgment.

          (2) Except as provided under subsection (1) of this section, judgments shall bear interest from the date of ((entry)) filing of the action upon which the judgment is based at the maximum rate permitted under RCW 19.52.020 on the date of ((entry thereof:  PROVIDED, That in any case where a court is directed on review to enter judgment on a verdict or in any case where a judgment entered on a verdict is wholly or partly affirmed on review, interest on the judgment or on that portion of the judgment affirmed shall date back to and shall accrue from the date the verdict was rendered)) filing.

        Sec. 2.  Section 1, chapter 26, Laws of 1975 as amended by section 2, chapter 147, Laws of 1983 and RCW 4.56.115 are each amended to read as follows:

          Judgments founded on the tortious conduct of the state of Washington or of the political subdivisions, municipal corporations, and quasi-municipal corporations of the state, whether acting in their governmental or proprietary capacities, shall bear interest from the date of ((entry)) filing of the action upon which the judgment is based at the maximum rate permitted under RCW 19.52.020 on the date of ((entry thereof:  PROVIDED, That in any case where a court is directed on review to enter judgment on a verdict or in any case where a judgment entered on a verdict is wholly or partly affirmed on review, interest on the judgment or on that portion of the judgment affirmed shall date back to and shall accrue from the date the verdict was rendered)) filing.