New Legislation of Interest to Attorneys by Senator Michael Heavey, Chair, Senate Judiciary Committee and Senator Stephen L. Johnson, Member, Senate Judiciary Committee, Republican Floor Leader
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Usury Rate: The average coupon equivalent yield from the first auction of 26-week treasury bills in May 2000 is 6.203% percent. The maximum allowable interest rate for June is therefore 12 percent. Compilations of the average coupon equivalent yields from past auctions of 26-week treasury bills and past maximum interest rates for June 1988-June 1999 appear on page 53 of the June 1999 Bar News. Information from January 1987 to date is available online