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AK HB95

Bill

Status

Introduced

1/28/2009

Primary Sponsor

Max Gruenberg

Click for details

Origin

House of Representatives

26th Legislature

AI Summary

  • Requires judgment debtors to deposit the full judgment amount plus postjudgment interest when requesting a stay of execution on judgments over $100,000 in favor of the state or a political subdivision, unless the court orders otherwise for good cause.

  • Mandates postjudgment interest be compounded quarterly at the greater of either the applicable statutory rate or the judgment debtor's rate of return on equity from their most recent quarterly earnings report as of the appeal notice date.

  • Applies to judgments from state or federal courts with sufficient connections to Alaska to satisfy constitutional jurisdictional requirements.

  • Defines "judgment debtor" to include affiliates of the judgment debtor and "judgment" to mean any final administrative determination or judgment entered in favor of the state or political subdivision.

  • Makes the law applicable only to deposit requirements for stays of execution requested after the effective date of the Act.

Legislative Description

Judgments For State Or Polit.subdiv.

Municipalities

Last Action

REFERRED TO JUDICIARY

1/28/2009

Committee Referrals

Judiciary1/28/2009

Full Bill Text

No bill text available