VA HB1111

Increases the maximum suspension bond or irrevocable letter of credit cap from $25 million to $100 million for appellants and their affiliates during appeals, regardless of the judgment value

Requires automatic inflation adjustments to the $100 million cap every five years starting April 1, 2031, based on the Consumer Price Index for All Urban Consumers (CPI-U), rounded to the nearest $1,000

Mandates the Department of Planning and Budget submit updated dollar amounts to the Virginia Code Commission by March 1, 2031, and every five years thereafter for codification purposes

Amends § 8.01-676.1 of the Code of Virginia governing security requirements for civil litigation appeals