Bill > HB1111

This bill increases the maximum amount an appellant can be required to provide as a "suspension bond" or "irrevocable letter of credit" to temporarily halt the enforcement of a civil judgment while an appeal is pending. These financial instruments, often referred to as security for appeal, are used to ensure that the judgment can still be satisfied if the appeal is unsuccessful. Specifically, the bill raises the cap from $25 million to $50 million. Furthermore, starting in 2031 and every five years thereafter, this monetary cap will be automatically adjusted to account for changes in the cost of living, as measured by the Consumer Price Index for All Urban Consumers, ensuring the cap remains relevant over time.