04/23/1994 09:00 AM Senate JUD

 SENATOR TAYLOR returned SB 161 INTEREST RATES: (JUDGMENTS-TAXES-              
 ROYALTIES) by Request of the Governor to committee, and he reviewed           
 the testimony from the State for a rate.  He had requested his                
 aide, KEVIN SULLIVAN, to prepare a committee substitute for a flat            
 rate that is adjusted annually from a formula set so everyone each            
 year knows what the interest will be, and not be facing 10.5% as is           
 today on judgements.  He asked for the current interest rate, and             
 MR. SULLIVAN explained the formula he used amounts to 8% today.               
                                                                               
 SENATOR JACKO moved to pass CS FOR SENATE BILL NO. 161(JUD)                   
 (INTEREST RATES: JUDGMENTS/TAXES/ROYALTIES) from committee with               
 individual recommendations.  Without objections, so ordered.