The Texas Division of Workers’ Compensation has determined that any interest or discount provided for in the state Labor Code will be at a rate of 8.74%.
The rate is effective July 1 through Sept. 30.
DWC determines the interest or discount rates provided for in the Texas Workers’ Compensation Act on a quarterly basis. The rates are computed by using the U.S. Treasury's constant maturity rate for one-year bills issued by the United States government, as published by the Federal Reserve Board on the 15th day preceding the first day of the specified quarter, plus 3.5...
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