Sponsors: Nancy Stocksdale

Altering, from 3 percent to the Federal Reserve discount rate as of January 1 of each year, the annual interest rate paid on a security deposit under a residential lease after the end of a tenancy; altering, to either 3 percent or the Federal Reserve discount rate, whichever is less as of January 1 of each year, the annual interest rate paid on a security deposit prior to the termination of a tenancy; altering, from 6 months to 12 months, the interval at which interest accrues on a security deposit under a residential lease; etc.