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OK SB1113
Bill
AI Summary
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Amends Oklahoma asset forfeiture law (63 O.S. Section 2-506) to allow courts to award prevailing defendants or claimants reasonable attorney fees, litigation costs, and post-judgment interest paid from the seizing agency's forfeiture fund
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Requires payment of interest on seized currency to prevailing claimants, including both actual interest earned while in state custody and imputed interest at the 30-day Treasury Bill rate for periods when no interest was paid
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Interest calculation begins 15 days after property seizure by law enforcement, excluding time property was used as evidence or for scientific testing
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Effective date: November 1, 2016
Legislative Description
Asset forfeiture; requiring payment of fees, costs and interest to prevailing party in certain actions. Effective date.
Last Action
Approved by Governor 04/28/2016
4/28/2016