Department of Transportation v. Delta MacHine Products Co.

Carley, Judge.

The instant appeal relates to the application of Code Ann. § 57-108, as amended (Ga. L. 1980, p. 1118), which provides that, effective July 1, 1980, “all judgments in this state shall bear interest upon the principal amount recovered at the rate of 12 per cent per year.” The issue presented for resolution is whether this statutory change in the rate of interest on judgments applies to an outstanding judgment entered before the effective date of the 1980 amendment.

The facts necessary for a resolution of the issue before us are uncontroverted. On December 7, 1979, the trial court…