Sec. 304.002.  JUDGMENT INTEREST RATE:  INTEREST RATE OR TIME PRICE DIFFERENTIAL IN CONTRACT.  A money judgment of a court of this state on a contract that provides for interest or time price differential earns postjudgment interest at a rate equal to the lesser of:
(1)  the rate specified in the contract, which may be a variable rate;  or
(2)  18 percent a year.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.