HB 7153 (2009) -  Tobacco Settlement Agreements

General Bill by Finance & Tax Council and Bogdanoff
Tobacco Settlement Agreements: Provides limitation on amount of certain supersedeas bonds or other surety that may be ordered; requires trial courts to stay execution of certain judgments during appellate proceedings upon posting of supersedeas bond or other surety by signatories or parents, successors, or affiliates of signatories to tobacco settlement agreement applicable to such judgments; provides limitations on total cumulative value of all supersedeas bonds or other surety; provides that appellee whose judgment is stayed shall be deemed co-beneficiary of all security provided by appellant; provides procedures for refund of certain payments made by appellant into registry of Clerk of Supreme Court; provides that claim may not be made against certain securities; specifies when judgment becomes final; provides for lifting of certain stays; provides for distribution of securities; requires clerk to collect certain fees; provides for management & disposition of funds collected; requires DOR to provide certain report to clerk; requires Supreme Court to certify to trial court amount of security provided by certain subject appellants; permits court to order increase to surety when defendant dissipates assets to avoid payment of judgment; provides applicability.
Companion Bill passed CS/SB 2198 Tobacco Settlement Agreements [WPSC] By Judiciary and Haridopolos
Effective Date: upon becoming a law and shall apply to judgments rendered on or after that date
Last Event: Companion Bill passed, Link/Iden/Sim/Compare passed, refer to CS/SB 2198 (Ch. 2009-188) on Friday, May 1, 2009 5:05 PM; HB Laid on Table

PCB committee actions:

  • PCB FTC 09-01 recommended by:
    Finance & Tax Council
  • PCB FTC 09-01 recommended by:
    Finance & Tax Council
  • PCB FTC 09-01 recommended by:
    Finance & Tax Council
  • PCB FTC 09-01 recommended by:
    Finance & Tax Council

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2198 Subject: Tobacco Settlement Agreements [WPSC] Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Finance & Tax Council 4/22/2009 8:02:28 AM
Chamber: House Committee: Finance & Tax Council 4/22/2009 8:09:39 AM --UnPublished--
Chamber: House Committee: Finance & Tax Council 4/19/2009 5:46:44 PM
Chamber: House Committee: Finance & Tax Council 4/14/2009 9:53:35 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 2198 (Ch. 2009-188) Time: 05/01/2009 - 5:05 PM Member: Committee: Version: __
Event: H Substituted CS/SB 2198 Time: 05/01/2009 - 5:05 PM Member: Committee: Version: __
Event: H Temporarily postponed, on 3rd Reading Time: 04/29/2009 - 9:46 AM Member: Committee: Version: __
Event: H Temporarily postponed, on 3rd Reading Time: 04/28/2009 - 9:16 AM Member: Committee: Version: __
Event: H Temporarily postponed, on 3rd Reading Time: 04/27/2009 - 11:03 AM Member: Committee: Version: __
Event: H Added to Third Reading Calendar Time: 04/24/2009 - 7:51 PM Member: Committee: Version: __
Event: H Read 2nd time Time: 04/24/2009 - 10:37 AM Member: Committee: Version: __
Event: H 1st Reading Time: 04/22/2009 - 11:41 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (4/24/2009) Time: 04/22/2009 - 10:47 PM Member: Committee: Version: __
Event: H Bill referred to House Calendar Time: 04/22/2009 - 8:10 PM Member: Committee: Version: __
Event: H Filed Time: 04/22/2009 - 7:03 AM Member: Committee: Finance & Tax Council Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
569.23