Diana Glazer v. State of Arizona

Summary

The court held that the reduced interest rate under A.R.S. § 41-622(F) applies to the entire judgment against the State when the judgment is paid from the Risk Management Revolving Fund, including amounts later reimbursed through excess insurance. It interpreted the statute by reading its language in context and found no exception for insured portions of a judgment. The court affirmed the trial court, vacated portions of the court of appeals’ decision, and remanded for recalculation of interest.