Sammons Enterprises, Inc. v. Manley

GUITTARD, Chief Justice.

The question on this appeal is whether a statutory change in the rate of interest on judgments applies to a judgment recovered 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. We hold that the judgment continues to bear interest at the old rate.

When the present judgment was signed on April 28,1975, the statute governing the interest rate on judgments was Texas Laws 1967, chapter 274, section 2, at 610, which provided: “All judgments of the courts of this State shall bear interest at the rate…