Senate Labor, Commerce & Industry Committee Amendment
S 601 - Session 125 (2023-2024)
State Commodity Code

The Committee on Labor, Commerce and Industry proposes the following amendment (LC-601.SA0001S):

Amend the bill, as and if amended, SECTION 13, by striking Section 39-73-375 and inserting:

 Section 39-73-375.The Office of the Attorney General may retain the first seven hundred and fifty thousand dollars in fines and penalties received in a fiscal year in settlement of litigation enforcement actions and reimbursements of expenses arising from violations under this chapter to offset investigative, prosecutorial, and administrative costs of enforcing this chapter, after which any excess fines and penalties received in a fiscal year must be deposited into the General Fund. The Attorney General shall issue an annual report to the President of the Senate, the Speaker of the House, the chairman of the Senate Finance Committee, the chairman of the House Ways and Means Committee, the chairman of the Senate Labor, Commerce and Industry  Committee, and the chairman of the House Labor, Commerce and Industry Committee. This report shall include: the total amount of civil penalties collected by the Attorney General's Office for violations of the Commodities Code, the amount of restitution and disgorgement ordered to be paid for violations of the Commodities Code, the amount of fines and penalties retained by the Attorney General's Office pursuant to this section, and the amount of excess fines and penalties that were deposited into the General Fund pursuant to this section.