New York S03875 amends laws to require court orders or judgments in special proceedings for settlements to include interest payments at the statutory.

New York S03875 amends the civil practice law and rules and the surrogate's court procedure act. It mandates that court orders or judgments in special proceedings for settlements provide for the payment of interest on the settlement amount at the statutory interest rate on judgments. This interest is to be computed from the fifteenth day or, for municipal or state entities, from the sixty-first day following the settlement's entry.

New York S03875 amends laws to require court orders or judgments in special proceedings for settlements to include interest payments at the statutory.

New York S03875 amends the civil practice law and rules and the surrogate's court procedure act. It mandates that court orders or judgments in special proceedings for settlements provide for the payment of interest on the settlement amount at the statutory interest rate on judgments. This interest is to be computed from the fifteenth day or, for municipal or state entities, from the sixty-first day following the settlement's entry.