Indiana Statutes
§ 34-13-3-18 — Time for payment of claim or judgment; interest rate
Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 13 CAUSES OF ACTION: CLAIMS AGAINST THE·Ch. 3 Tort Claims Against Governmental Entities and Public
(a)A claim or suit settled by, or a judgment
rendered against, a governmental entity shall be paid by the
governmental entity not later than one hundred eighty (180) days after
the date of settlement or judgment, unless there is an appeal, in which
case not later than one hundred eighty (180) days after a final decision
is rendered.
(b)If payment is not made within one hundred eighty (180) days
after the date of settlement or judgment, the governmental entity is
liable for interest from the date of settlement or judgment at an annual
rate of six percent (6%). The governmental entity is liable for interest
at that rate and from that date even if the case is appealed, provided the
original judgment is upheld.
[Pre-1998 Recodification Citation: 34-4-16.5-17.]
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 34-13-3-18 (Time for payment of claim or judgment; interest rate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.1-1998, SEC.8.
Nearby Sections
15
§ 34-10-1-2
Assignment of attorney§ 34-10-1-3
Filing of claim by an offender with three prior actions dismissed as
frivolous; exception§ 34-10-2-1
Application of chapter§ 34-10-2-2
Annulment of order§ 34-11-2-1
Employment related actions§ 34-11-2-10
Enforcement of child support obligations§ 34-11-2-10.5
Employment related action by volunteer firefighter or member of
volunteer emergency medical services association§ 34-11-2-11
Written contract actions§ 34-11-2-11.5
Recovery of certain costs§ 34-11-2-13
Foreign country judgment