Lump-sum Compensation For Exonerated Persons

Current law requires the state to compensate persons who were wrongly convicted of crimes and subsequently incarcerated. Such compensation is paid in annual payments of $100,000 until the state's duty of compensation is satisfied. The bill allows an exonerated person to elect to receive the remaining balance of the state's duty of compensation in a lump sum by: Notifying the state court administrator, the governor, and the general assembly of such election; Completing a personal financial management instruction course; and Acquiring and committing to maintain a qualified health insurance plan.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)