CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS for SB 1720
Amendment No.
CHAMBER ACTION
Senate House
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11 Senator Klein moved the following amendment:
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13 Senate Amendment
14 On page 3, lines 16-26, delete those lines
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16 and insert:
17 (3) The required bond or equivalent surety acceptable
18 to the court for imposition of the stay shall be the lower of:
19 (a) The amount of the punitive-damages judgment, plus
20 twice the statutory rate of interest; or
21 (b) Ten percent of the net worth of the defendant as
22 determined by applying generally accepted accounting
23 principles to the defendant's financial status as of December
24 31 of the year prior to the judgment for punitive damages.
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26 Provided that in no case shall the amount of the required bond
27 or equivalent surety exceed $100 million, regardless of the
28 amount of punitive damages.
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5:18 PM 04/28/00 s1720c1b-2810d