Diana Glazer, Plaintiff/appellant v. State of Arizona, Defendant/appellee.

Summary

The court held that the reduced interest rate prescribed for judgments paid from the Risk Management Revolving Fund applies to the entire judgment, including amounts later reimbursed to the State by excess insurance. The statutory text, read in context with related provisions, contains no exception for insured portions of a judgment, and the legislative history supports applying the rate to judgments against the State generally. The court vacated the contrary portions of the court of appeals' decision, affirmed the trial court, and remanded for calculation of interest.