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OK HB2670
Bill
Status
3/10/2016
Primary Sponsor
Cory Williams
Click for details
AI Summary
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Prevailing defendants or claimants in asset forfeiture proceedings may recover reasonable attorney fees and litigation costs from the seizing agency's forfeiture funds
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Courts may award post-judgment interest to successful claimants who defeat forfeiture actions
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Claimants who prevail in cases involving seized currency or negotiable instruments may recover actual interest earned on the funds while held by the state, plus imputed interest at the 30-day Treasury Bill rate for periods when no interest was paid
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Interest calculations begin 15 days after property seizure, excluding periods when property was reasonably used as evidence or for scientific testing
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Effective date: November 1, 2016
Legislative Description
Asset forfeitures; directing payment of attorney fees, costs and interest to prevailing claimant in seizure and forfeiture actions; effective date.
Last Action
Second Reading referred to Judiciary Committee then to Appropriations Committee
3/21/2016