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Legislation


2004 Regular Session

SENATE BILL 863

File Code: Real Property Crossfiled with: HOUSE BILL 546
Sponsored By:
Senator Schrader
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Altering the interest rate paid on a security deposit under a residential lease; requiring the interest rate for a tenancy of 6 months or more to be the Federal Reserve discount rate as of January 1 of each year; requiring a security deposit for a tenancy of less than 6 months to be returned without interest, less any damages rightfully withheld; and providing for the application of the Act.

History by Legislative Date

Senate Action
2/23
First Reading Senate Rules
2/27
Re-referred Judicial Proceedings
3/17
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
INTEREST
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
SECURITY DEPOSITS
Bill affects the following Statutes:
Real Property
( 8-203 , 8-203 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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