Bill > A10814

This bill amends the Civil Practice Law and Rules to tie the interest rate on judgments for medical debt to the one-year United States treasury bill rate, rather than the standard 9% per annum rate. The one-year treasury bill rate, which is the weekly average one-year constant maturity treasury yield published by the Federal Reserve for the calendar week preceding the judgment, will now apply to medical debt judgments by hospitals licensed under Article 28 of the Public Health Law or healthcare professionals authorized under Title 8 of the Education Law.