Interest On Orders Of Restitution

Restitution - interest - accrual - lower to 8% - appropriation. The act provides that interest on an order of restitution does not accrue while the defendant is:

• Serving a sentence in a correctional facility within the state operated by or under contract with the department of corrections; or
• In a juvenile case and under 21 years of age.

The act also lowers the interest rate on certain restitution amounts from 12% to 8% as of January 1, 2020.

For the 2019-20 state fiscal year, the act appropriates $220,480 from the judicial collection enhancement cash fund to the judicial department to implement the act.

(Note: This summary applies to this bill as enacted.)