The Texas Division of Workers’ Compensation announced that any interest or discount rates used in the third fiscal quarter must be 8.57%, up from the 8.55% rate used for the second quarter.
The rate is effective from July 1 through Sept. 30.
Every three months, the division determines interest and discount rates based on the U.S. Treasury constant maturity rate for one-year treasury bills, plus 3.5%.
More information as well as a chart of historical rates is here.
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