DEPT. OF TRANSP. v. DELTA MACHINE &c. CO.

63262.

162 Ga. App. 252 (1982)

291 S.E.2d 104

DEPARTMENT OF TRANSPORTATION v. DELTA MACHINE PRODUCTS COMPANY et al.

Court of Appeals of Georgia.

Decided May 4, 1982.


Attorney(s) appearing for the Case

Michael J. Bowers, Attorney General, Marion O. Gordon, Senior Assistant Attorney General, William C. Joy, Assistant Attorney General, for appellant.

William G. Tanner, for appellees.


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...

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