(a) Whenever a monetary settlement is awarded pursuant to an interest arbitration proceeding conducted pursuant to section
5-276a, and such award is not rejected by the legislature pursuant to section
5-278, and payment is not made in accordance with the terms of such settlement within sixty days of the date such award was issued, the party liable for such payment shall be required to pay interest, at the rate of five per cent per annum, on such overdue payment, calculated from the date the award was issued.
(b) Whenever a monetary settlement is awarded pursuant to a state employee grievance arbitration proceeding, and payment is not made in accordance with the terms of such settlement within thirty days of the date such award was issued, the party liable for such payment shall be required to pay interest, at the rate of five per cent per annum, on such overdue payment, calculated from the date the award was issued.
(P.A. 87-335.)
Subsec. (b):
Constitutes statutory exception to power of Claims Commissioner and is legislative waiver of sovereign immunity with respect to interest. 20 CA 676.
Notes of Decisions
Connecticut State Employees Ass'n v. Dep't of Admin. Servs., 569 A.2d 1152 (Conn. App. Ct. 1990).
· cites it 10× “The plaintiffs also argue that the state’s failure to pay the interest is a failure for which they have redress because there is no sovereign immunity defense when the state acts in excess of its statutory authority, such as by failing to comply with a statute, namely General…”
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