SB 18-098

Senate Bill 18-098 is a Colorado law that updates a section of state statutes regarding interest on damages awarded in court cases. The bill corrects language that was previously found unconstitutional by the Colorado Supreme Court because it violated equal protection laws. This change affects how courts calculate and apply interest to damage awards, ensuring fairness for all parties involved. Since the status is "signed," the bill has been approved by both houses of the legislature and signed into law by the governor, meaning its provisions are now in effect.

Official Summary

Statutory Revision Committee. The bill amends section 13-21-101 (1), Colorado Revised Statutes, concerning interest on damages to reflect a 1996 decision made by the Colorado supreme court that ruled certain language in that subsection violated the equal protection clause of the constitution.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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