Amendment
Bill No. 0841
Amendment No. 242447
CHAMBER ACTION
Senate House
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1Representative Attkisson offered the following:
2
3     Amendment (with title amendment)
4     Remove everything after the enacting clause and insert:
5     Section 1.  Section 45.045, Florida Statutes, is created to
6read:
7     45.045  Limitations on supersedeas bond; exception.--
8     (1)  Except for certified class actions subject to s.
9768.733, in any civil action brought under any legal theory, the
10amount of a supersedeas bond necessary to obtain an automatic
11stay of execution of a judgment granting any type of relief
12during the entire course of all appeals or discretionary
13reviews, may not exceed $50 million for each appellant,
14regardless of the amount of the judgment appealed. The $50
15million amount shall be adjusted annually to reflect changes in
16the Consumer Price Index compiled by the United States
17Department of Labor.
18     (2)  In any civil action brought under any legal theory, a
19party seeking a stay of execution of a judgment pending review
20of any amount may move the court to reduce the amount of a
21supersedeas bond required to obtain such a stay. The court, in
22the interest of justice and for good cause shown, may reduce the
23supersedeas bond or may set other conditions for the stay with
24or without a bond. The court may not reduce the supersedeas bond
25if the appellant has an insurance or indemnification policy
26applicable to the case. This subsection does not apply to
27certified class actions subject to s. 768.733.
28     (3)  If an appellant has posted a supersedeas bond for an
29amount less than that which would be required for an automatic
30stay pursuant to Rule 9.310(b)(1), Florida Rules of Appellate
31Procedure, the appellee may engage in discovery for the limited
32purpose of determining whether the appellant has dissipated or
33diverted assets outside the course of its ordinary business or
34is in the process of doing so.
35     (4)  If the trial or appellate court determines that an
36appellant has dissipated or diverted assets outside the course
37of its ordinary business or is in the process of doing so, the
38court may enter orders necessary to protect the appellee,
39require the appellant to post a supersedeas bond in an amount up
40to, but not more than, the amount that would be required for an
41automatic stay pursuant to Rule 9.310(b)(1), Florida Rules of
42Appellate Procedure, and impose other remedies and sanctions as
43the court deems appropriate.
44     Section 2.  This act shall take effect July 1, 2006, and
45shall apply to judgments rendered on or after that date.
46
47======= T I T L E  A M E N D M E N T ==========
48     Remove the entire title and insert:
49
A bill to be entitled
50An act relating to supersedeas bond; creating s. 45.045,
51F.S.; limiting the amount of supersedeas bond required for
52certain appellants; providing that a party may move the
53court to reduce the supersedeas bond; providing an
54exception to limits if an appellant engages in certain
55conduct for the purpose of avoiding payment of the
56judgment; providing applicability; providing an effective
57date.


CODING: Words stricken are deletions; words underlined are additions.