Alaska Statutes
Alaska Stat. § 09.30.070 (2026)
Interest on judgments; prejudgment interest
✓ current as of July 2026
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Sec. 09.30.070. Interest on judgments; prejudgment interest.
Article 2. Uniform Foreign Money-Judgments Recognition Act.
(a) Notwithstanding AS 45.45.010, the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered, except that a judgment or decree founded on a contract in writing, providing for the payment of interest until paid at a specified rate not exceeding the legal rate of interest for that type of contract, bears interest at the rate specified in the contract if the interest rate is set out in the judgment or decree.
(b) Except when the court finds that the parties have agreed otherwise and except as provided by AS 45.05.111(d), prejudgment interest accrues from the day process is served on the defendant or the day the defendant received written notification that an injury has occurred and that a claim may be brought against the defendant for that injury, whichever is earlier. The written notification must be of a nature that would lead a prudent person to believe that a claim will be made against the person receiving the notification, for personal injury, death, or damage to property.
(c) Prejudgment interest may not be awarded for future economic damages, future noneconomic damages, or punitive damages.
(a) Notwithstanding AS 45.45.010, the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered, except that a judgment or decree founded on a contract in writing, providing for the payment of interest until paid at a specified rate not exceeding the legal rate of interest for that type of contract, bears interest at the rate specified in the contract if the interest rate is set out in the judgment or decree.
(b) Except when the court finds that the parties have agreed otherwise and except as provided by AS 45.05.111(d), prejudgment interest accrues from the day process is served on the defendant or the day the defendant received written notification that an injury has occurred and that a claim may be brought against the defendant for that injury, whichever is earlier. The written notification must be of a nature that would lead a prudent person to believe that a claim will be made against the person receiving the notification, for personal injury, death, or damage to property.
(c) Prejudgment interest may not be awarded for future economic damages, future noneconomic damages, or punitive damages.
Notes of Decisions
Cited in 9
cases (1 in the last 5 years), 2000–2022 · leading case: Johnson v. Ford Motor Co., 2002 OK 24 (Okla. 2002).
Johnson v. Ford Motor Co., 2002 OK 24 (Okla. 2002). “The current version of the statute provides that interest will begin from the date the suit was commenced to "the earlier of the date the verdict is accepted by the trial court as expressly stated in the judgment, or the date the judgment is filed with the court clerk.”
In Re the Exxon Valdez, Sea Hawk Seafoods, Inc. v. Exxon Corp. & Exxon Shipping Co., & United States of Am., Intervenor-Appellee, 484 F.3d 1098 (9th Cir. 2007). “See Alaska Stat. § 09.30.070 (a) (1996) (“The rate of interest on judgments and decrees for the payment *1103 of money is 10.”
North Star Terminal & Stevedore Co. v. Nugget Constr. Inc., 126 F. App'x 348 (9th Cir. 2005). “See Alaska Stat. § 09.30.070 (1998). The amended statute applies to claims that accrued after August 7,1997.”
Quantum Co. Trust v. Comm'r, 2000 T.C. Memo. 149 (Tax Ct. 2000). “The Nortons claim that under Alaska State law, prejudgment interest is classified as damages and as such is excluded from gross income pursuant to section 104(a)(2) . See Alaska Stat.”
City of Unalaska v. Nat'l Union Fire Ins. Co. (D. Alaska 2022). “4 Alaska Stat. § 09.30.070 (b). 5 Id. § 09.”
In re: Stephen Flanagan & Charlotte Flanagan (9th Cir. BAP 2014). “213 (1998), he 8 argues that he is entitled to: (1) prejudgment interest on the 9 principal amount of $200,000 under Alaska Stat. § 09.30.070 ; 10 (2) partial attorney’s fees under Alaska Civil Rule 82(b)(1); and 11 (3) partial costs under Alaska Civil Rule 79(f).”
Sea Hawk v. Exxon Corp. (9th Cir. 2007). “See Alaska Stat. § 09.30.070 (a) (1996) (“The rate of interest on judg- ments and decrees for the payment of money is 10.”
Sea Hawk Seafoods, Inc. v. Exxon Mobil Corp., 303 F. App'x 572 (9th Cir. 2008). “Alaska Stat. § 09.30.070 (a); Alyeska Pipeline Serv.”
Sea Hawk Seafoods, Inc. v. Exxon Mobil Corp., 303 F. App'x 572 (9th Cir. 2008). “Alaska Stat. § 09.30.070 (a); Alyeska Pipeline Serv.”
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