March 5, 2003
Mr. Speaker:
Your JUDICIARY COMMITTEE, to whom has been referred
HOUSE BILL 798
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 2, line 1, strike "twenty-five million dollars ($25,000,000)" and insert in lieu thereof "fifty million dollars ($50,000,000)".
2. On page 2, line 13, strike Subsection B in its entirety and reletter the succeeding subsection accordingly.
3. On page 2, line 25, and page 3, line 1, strike "twenty-five million dollars ($25,000,000)" and insert in lieu thereof "fifty million dollars ($50,000,000)".
4. On page 3, between lines 12 and 13, insert:
"C. Notwithstanding the provisions of Subsections A and B of this section, if an appellee proves by a preponderance of the evidence that an appellant is dissipating assets, a court shall enter orders that are necessary to protect the appellee and shall require the appellant to post a bond that is equal to the total amount of judgment.".
Respectfully submitted,
W. Ken Martinez, Chairman
Adopted Not Adopted
(Chief Clerk) (Chief Clerk)
The roll call vote was 7 For 3 Against
Yes: 7
No: Beam, Garcia, Stewart
Excused: Godbey
Absent: None
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