Lawsuit Reform Act: H.B. 2024 (2011)
Provides that upon request of a party, the court shall
Provides that upon request of a party, the court shall order that medical, health care, or custodial services awarded in an action be paid in whole or in part in periodic payments rather than by a lump-sum payment. Also, upon request of a party, the court may order that future damages other than medical, health care, or custodial services awarded in a health care liability action be paid in whole or in part in periodic payments rather than by a lump-sum payment. This section only applies when the present value of the award of future damages, as determined by the court, equals or exceeds $100,000. Payment must be made within seven years and interest shall be paid at the rate of a post-judgment award.
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