HB 446: "An Act relating to the amount of a civil penalty for an unlawful act or practice in the conduct of trade or commerce."
00 HOUSE BILL NO. 446 01 "An Act relating to the amount of a civil penalty for an unlawful act or practice in the 02 conduct of trade or commerce." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 45.50.551(a) is amended to read: 05 (a) A person who violates the terms of an injunction or restraining order 06 issued under AS 45.50.501 shall forfeit and pay to the state a civil penalty of not more 07 than $50,000 for each [$25,000 PER] violation. For the purposes of this section, the 08 superior court in a judicial district issuing an injunction retains jurisdiction, and the 09 cause shall be continued, and, in these cases, the attorney general acting in the name of 10 the state may petition for recovery of the penalties. 11 * Sec. 2. AS 45.50.551(b) is amended to read: 12 (b) In an action brought under AS 45.50.501, if the court finds that a person is 13 using or has used an act or practice declared unlawful by AS 45.50.471, the attorney 14 general, upon petition to the court, may recover, on behalf of the state, a civil penalty
01 of not less than $1,000 and not more than $25,000 for each [$5,000 PER] violation. 02 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 03 read: 04 APPLICABILITY. This Act applies to all penalties assessed on or after the effective 05 date of this Act, regardless of when the conduct occurred.