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AR HB2083
Bill
Status
4/4/2013
Primary Sponsor
Andrea Lea
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AI Summary
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Amends Arkansas Code § 4-88-105(e) to establish a Consumer Education and Enforcement Account managed by the Consumer Protection Division, funded from settlements and judgments in consumer protection lawsuits where the state is a party, with a maximum balance of $1,000,000.
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Authorizes use of Consumer Education and Enforcement Account funds for litigation support, expert witness fees, court costs, attorney training, travel expenses, consumer education, office improvements, and investigation expenses.
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Requires the Attorney General to distribute settlement and judgment funds within 120 days according to court orders or settlement agreements, prioritizing restitution to consumers, funding state agencies with nexus to the litigation, paying attorney's fees and civil penalties, or depositing into the Consumer Education and Enforcement Account.
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Mandates quarterly reports to the Legislative Council or Joint Budget Committee detailing case names, amounts received, disbursement plans, specific consumer education activities funded, and current account balances, due by the 15th day following each quarter.
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Defines "state agency" to include state agencies, offices, departments, boards, commissions, and public colleges or universities for purposes of settlement fund distribution.
Legislative Description
Regarding Settlement Disposition In Consumer Protection Lawsuits Brought By The Attorney General.
Last Action
Notification that HB2083 is now Act 763
4/4/2013