July 17, 2012
Contact: David K. Boyd, State Court
Administrator, (515) 281-5241
NOTICE OF TREASURY CONSTANT MATURITY
CALCULATION OF INTEREST ON CERTAIN
Des Moines, July 17, 2012 -- This certification of the most recent treasury constant
maturity index published by the federal reserve in the H15 Report is
distributed to the courts in conformance with Iowa Code Section
668.13(3)(2001), as amended by House File 356, 2001 Acts. The
average yield during the most recent month for securities included in the
treasury constant maturity index was .19 percent. This notice will be updated
and distributed monthly.
There are four general categories of
actions and applicable interest rates. The following is intended to serve
only as a guide. For the interest rate applicable in a specific case,
parties should check the Appropriate section of the Code.
ACTIONS FILED AFTER JULY 1, 1997.
The treasury constant maturity index
rate plus two percent shall be the rate of interest on actions filed after July
1, 1997 (including actions filed pursuant to Iowa Code Chapter 668). 1997
Iowa Acts H.F. 693 Sections 2, 14, 16 (amending Iowa Code Sections 535.3 and
668.13(3)). Exceptions remain for workers' compensation, child and spousal
support, and medical payments. 1997 Iowa Acts. H.F. 693, Sections 2,
CHAPTER 668 ACTIONS FILED ON OR
AFTER SEPTEMBER 15, 1987 AND BEFORE JULY 1, 1997.
Pursuant to Section 668.13(3) and
1997 Iowa Acts H.F. 693, the treasury constant maturity index rate applies to
actions brought pursuant to Chapter 668 and:
1. Accruing on or after July 1,
1987, and filed before July 1, 1997; and
2. Accruing before July 1, 1987, and
filed on or after September 15, 1987,
but before July
CHAPTER 668 ACTIONS FILED BEFORE SEPTEMBER 15, 1987.
A ten percent rate of interest shall
apply to Chapter 668 actions filed before September 15, 1987. 1987 Iowa
Acts. Ch. 157, Sections 8, 11; Iowa Code Section 535.3 (l987).
ACTIONS (OTHER THAN CHAPTER 668 ACTIONS) FILED BEFORE JULY 1, 1997.
For actions other than Chapter 668
actions filed before July 1, 1997, interest shall be allowed on all money due
on judgments and decrees at the rate of ten percent per year. Iowa
Code Section 535.3 (1997).
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Iowa Supreme Court
1111 East Court Avenue
Des Moines, IA 50319