HB 2519-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Declares that, whether property is retained or sold, the seizing agency must distribute the following amounts as provided:  (1) After deducting reasonable costs of the seizure and forfeiture proceedings incurred by the agency, remit an amount equal to ten percent of the remaining value of the net proceeds to the state treasurer.  Money remitted shall be deposited in the public safety and education account; and

     (2) after satisfying subsection (1), remit an amount equal to the remaining value of the net proceeds to the registry of the appropriate court to satisfy any legal financial obligations ordered by the court in the judgment and sentence.  The court must satisfy any court-ordered victim restitution in the case with the amount remitted under this section before applying such amounts to other court-ordered financial obligations.  After satisfying all court-ordered legal financial obligations, the court shall return any residual amount to the seizing agency.