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.)