Staff Analysis of the Legislation
|
|
HB 347 amends Chapter 4 Title 7 of the O.C.G.A. by clarifying provisions relating to interest on certain domestic relations cases. The bill provides that all monetary awards, court orders, decrees, or judgments rendered pursuant to Title 19 expressed in monetary amounts shall accrue interest at the rate of 7% per annum commencing 30 days from the date the award, court order, decree, or judgment is due. HB 347 grants courts the discretion to modify the date on which interest is to begin to accrue. When an award, court order, decree or judgment for alimony or equitable division of assets and liabilities is payable in installments, interest is not to begin to accrue until an installment is 30 days past due, unless otherwise ordered by the court. |
