The Texas Workers’ Compensation Commission reported it has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act (Texas Labor Code, Section 401.023), that beginning Jan. 1, 2005, any interest or discount provided for in the Act shall be at the rate of 6.17 percent.
This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the U. S. government, as published by the Federal Reserve Board on Dec. 17, 2004 (2.67 percent) plus 3.5 percent as required by Section 401.023. The rate will be effective Jan. 1, 2005 through March 31, 2005.
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
