7.__Rate on accrual of interest prior to July 1, 2003.__ Notwithstanding subsection 3, for actions in which the interest begins to accrue, as determined pursuant to subsection 5, prior to July 1, 2003, the rate of prejudgment interest on civil actions other than those set forth in subsection 2 is as follows:

A.__If the judgment does not exceed $30,000, the rate for prejudgment interest is 8%; and

B.__If the judgment exceeds $30,000, the rate of prejudgment interest is the one-year United States Treasury bill rate, as defined in subsection 3, plus 1%.

§1602-C.__Interest after judgment

1.__Rate.__In all civil and small claims actions, post- judgment interest is allowed at a rate equal to:

A.__In actions involving a contract or note that contains a provision relating to interest, the rate set forth in the contract or note or the rate in paragraph B, whichever is greater; and

B.__In all other actions, the one-year United States Treasury bill rate plus 6%.

(1)__For purposes of this paragraph, "one-year United States Treasury bill rate" means the weekly average one-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the last full week of the calendar year immediately prior to the year in which post-judgment interest begins to accrue.

(2)__If the Board of Governors of the Federal Reserve System ceases to publish the weekly average one-year constant maturity Treasury yield or it is otherwise unavailable, then the Supreme Judicial Court shall annually establish by rule a rate that most closely approximates the rate established in this paragraph.

The applicable post-judgment interest rate must be stated in the judgment, except for judgments in small claims actions.

2.__Accrual; suspension; waiver.__Post-judgment interest accrues from and after the date of entry of judgment and includes the period of any appeal.__In actions involving a contract or