Ariz. Admin. Code § 2-10-601

Current through Register Vol. 30, No. 25, June 21, 2024

Section R2-10-601 - Computation Procedures

A. Interest payable on judgments against the state that are appealed shall be computed by averaging the investment yields on three-month and six-month Treasury Bills as reported in the Federal Reserve's H 15 statistical release of selected interest rates for the period of time the case is on appeal.

B. Averages are calculated for each individual month of the appeal period and then averaged for the total months of the appeal period, excluding those months in which the case was on appeal for less than 15 days.

Ariz. Admin. Code § R2-10-601

Adopted effective January 12, 1995 (Supp. 95-1).