Coastal Industrial Water Authority v. Trinity Portland Cement Division, General Portland Cement Co.

BARROW, Justice.

The question on this appeal is whether a statutory change in the rate of interest on judgments applies to a judgment rendered before the effective date of the change so as to make the judgment bear interest at the new rate from the date of the change.

Tex.Rev.Civ.Stat.Ann. Art. 5069-1.05 provides the rate of interest that judgments of the courts of this State shall bear. This statute was amended by the legislature in 1975 to increase the rate of interest from six percent to nine percent effective September 1, 1975. The amended statute provides:

All judgments of the courts of…