16-204. Interest on judgments.
16-204
16-204. Interest on judgments.
Except as otherwise provided in accordance with law, and including any judgment
rendered on or after July 1, 1973, against the state or any agency or political
subdivision of the state:
(a) Any judgment rendered by a court
of this state
before July 1, 1980, shall bear interest as follows:
(1) On and after the day on which the judgment is
rendered and before July 1, 1980, at the rate of 8% per annum;
(2) on and after July 1, 1980, and before July 1, 1982, at the rate of
12% per annum;
(3) on and after July 1, 1982, and before July 1, 1986, at the rate
of 15% per annum; and
(4) on and after July 1, 1986, at the rate provided by subsection (e).
(b) Any judgment rendered by a court of this state on or after July 1,
1980, and before July 1, 1982, shall bear interest as follows:
(1) On and after the day on which the judgment is rendered and before
July 1, 1982, at the rate of 12% per annum;
(2) on and after July 1, 1982, and before July 1, 1986, at the rate
of 15% per annum; and
(3) on and after July 1, 1986, at the rate provided by subsection (e).
(c) Any judgment rendered by a court of this state on or after July 1,
1982, and before July 1, 1986, shall bear interest as follows:
(1) On and after the day
on which the judgment is
rendered and before July 1, 1986, at the rate of 15% per annum; and
(2) on and after July 1, 1986, at the rate provided by subsection (e).
(d) Any judgment rendered by a court of this state on or after July 1,
1986, shall bear interest on and after the day on which the judgment is
rendered at the rate provided by subsection (e).
(e) (1) Except as
otherwise provided in this subsection, on and after July 1, 1996, the rate of
interest on judgments
rendered by courts of this state pursuant to the code of civil procedure
shall be at a rate per annum: (A) Which shall
change effective July 1 of each year for both judgments rendered
prior to
such July
1 and judgments rendered during the twelve-month period beginning such July
1; and (B) which is equal to an amount that is four percentage points
above the discount rate (the charge on loans to depository institutions by
the New York federal reserve bank as reported in the money rates column of
the Wall Street Journal) as of July 1 preceding the date the judgment was
rendered. The secretary of state shall publish notice of the interest rate
provided by
this subsection (e) (1) not later than the second issue of the Kansas register
published in July of each year.
(2) On and after the effective date of this act, the rate of interest
on judgments rendered by courts of this state pursuant to the code of civil
procedure for limited actions shall be 12% per annum.
(3) On and after July 1, 1996, it shall be presumed that applying interest
at the rate of 10% per annum will result in the correct total of interest
accrued on any judgments, regardless of when the judgments accrued, arising
from a person's duty to support
another person. The burden of proving that a different amount is the correct
total shall lie with any person contesting the presumed amount.
History: L. 1889, ch. 164, § 4; R.S. 1923, 41-104; L. 1969,
ch. 114, § 1; L. 1973, ch. 84, § 1; L. 1980, ch. 74, § 2; L. 1982,
ch. 88, § 1;
L. 1986, ch. 89, § 1;
L. 1996, ch. 229, § 160; July 1.