2004 -- H 7475

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LC01333

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2004

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A N A C T

RELATING TO COURTS AND CIVIL PROCEDURE -- PARTICULAR ACTIONS --

ARBITRATION

     Introduced By: Representatives Flaherty, and Williamson

     Date Introduced: February 03, 2004

     Referred To: House Judiciary

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 10-3-16 of the General Laws in Chapter 10-3 entitled "Arbitration"

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is hereby amended to read as follows:

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     10-3-16. Judgment on award. -- Upon the granting of an order confirming, modifying or

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correcting an award, judgment shall be entered in conformity with the award in the court within

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thirty (30) days, unless an appeal is taken as provided in this chapter, in which last case the order

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of the superior court shall pursue the mandate of the supreme court. therewith except as is

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otherwise prescribed in this chapter. Judgment shall include interest at the rate of twelve percent

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(12%) from the date of the award including the principal and interest. Costs of the application

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and of the proceedings subsequent thereto and disbursements may be awarded by the court in its

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discretion. If awarded, the amount shall be included in the judgment. Post judgment interest on

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any award shall continue at the rate of twelve percent (12%) from the date of judgment on the

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arbitration award and thereafter pending any appeals.

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     SECTION 2. Section 37-16-22 of the General Laws in Chapter 37-16 entitled "Public

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Works Arbitration" is hereby amended to read as follows:

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     37-16-22. Entry of judgment -- Costs. -- Upon the granting of an order confirming,

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modifying, or correcting an award, judgment may be entered in conformity therewith, except as is

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otherwise prescribed in this chapter. Judgment shall include interest at the rate twelve percent

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(12%) from the date of the award including the principal and interest. Costs of the application and

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of the proceedings subsequent thereto, not exceeding twenty-five dollars ($25.00) and

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disbursements, may be awarded by the court in its discretion. If awarded, the amount thereof must

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be included in the judgment. and disbursements may be awarded by the court in its discretion. If

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awarded, the amount shall be included in the judgment. Post judgment interest on any award shall

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continue at the rate of twelve percent (12%) from the date of judgment on the arbitration award

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and thereafter pending any appeals.

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     SECTION 3. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO COURTS AND CIVIL PROCEDURE -- PARTICULAR ACTIONS --

ARBITRATION

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     This act would mandate that upon a judgment of an arbitration award, that judgment

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would include 12% interest which would accrue from the date of the award.

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     This act would take effect upon passage.

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LC01333

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