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HI SB2498
Bill
Status
Introduced
1/20/2012
Primary Sponsor
Clayton Hee
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AI Summary
- Provides an interest rate of up to four percent on unfunded settlement claims against the State, its officers, or employees until the appropriations bill is enacted or payment is made
- Addresses delays that occur when appropriations bills for state claims are not enacted in the same calendar year, causing settlement payments to be delayed until the next legislative session
- Encourages parties to settle with the State rather than pursue costly litigation by ensuring timely compensation for delayed payments
- Amended from original proposal (which suggested ten percent) to adopt Department of the Attorney General's suggested language providing four percent instead
- Recommended to pass Second Reading and be referred to the Committee on Ways and Means
Legislative Description
Interest; Claims Against the State; Legal Settlements
Last Action
(S) Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/17/2012
Committee Referrals
Ways and Means2/17/2012
Judiciary and Labor1/23/2012
Full Bill Text
No bill text available