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OK SB1113

Bill

Status

Passed

4/28/2016

Primary Sponsor

David Holt

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • 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

  • 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

  • Interest calculation begins 15 days after property seizure by law enforcement, excluding time property was used as evidence or for scientific testing

  • 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

Committee Referrals

Judiciary and Civil Procedure3/16/2016
Judiciary2/2/2016

Full Bill Text

No bill text available