summary
Introduced
04/04/2019
04/04/2019
In Committee
04/30/2019
04/30/2019
Crossed Over
04/27/2019
04/27/2019
Passed
05/16/2019
05/16/2019
Dead
Signed/Enacted/Adopted
05/28/2019
05/28/2019
Introduced Session
2019 Regular Session
Bill Summary
Under current law, simple interest accrues on orders of restitution at the rate of 8% per annum. The bill lowers the rate to 3% per annum. The bill also provides that interest on an order of restitution does not accrue while the defendant is: In the custody of the department of corrections or a jail; or Current on any agreement to make periodic payments.
AI Summary
This bill lowers the interest rate on orders of restitution from 8% per annum to 3% per annum. It also provides that interest on a restitution order does not accrue while the defendant is in the custody of the Department of Corrections or a jail, or if the defendant is a juvenile under 21 years old and current on any payment agreement. The bill also changes the interest rate from 12% to 8% per annum for any existing restitution orders. Additionally, the bill appropriates $220,480 to the Judicial Department for information technology infrastructure to implement the changes.
Committee Categories
Budget and Finance, Justice
Sponsors (3)
Last Action
Governor Signed (on 05/28/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
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