Demos v. Pappas 

Illinois Appellate Court
Civil Court
Interest
Citation
Case Number: 
2011 IL App (1st) 100829
Decision Date: 
Monday, August 15, 2011
District: 
1st Dist.
Division/County: 
Cook Co., 1st Div.
Holding: 
Reversed and remanded.
Justice: 
ROCHFORD
Court improperly imposed 9% interest on indemnity-fund judgment, per postjudgment interest provision of Interest Act. Provision in Act for 6% interest should apply to judgment, as Treasurer, who is judgment debtor and as trustee of indemnity fund is a governmental entity. Indemnity fund falls within definition of "county moneys" and is not "private property." Fund consists of monies held for future awards for unspecified persons, and excesses in indemnity fund may revert to general fund of county. (HALL and LAMPKIN, concurring.)