txt

HB 355: "An Act relating to criminal fines for organizations."

00 HOUSE BILL NO. 355 01 "An Act relating to criminal fines for organizations." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 12.55.035(c) is amended to read: 04 (c) Upon conviction of an offense, a defendant that is an organization may be 05 sentenced to pay a fine not exceeding the greater of 06 (1) an amount that is 07 (A) $1,000,000 for a felony offense or for a misdemeanor 08 offense that results in death; 09 (B) $200,000 for a class A misdemeanor offense that does not 10 result in death; 11 (C) $25,000 for a class B misdemeanor offense that does not 12 result in death; 13 (D) $10,000 for a violation; 14 (2) three times the pecuniary gain 15 (A) realized by the defendant as a result of the offense; or

01 (B) sought by the defendant for the defendant or for others 02 by the commission of the offense; or 03 (3) three times the pecuniary damage or loss 04 (A) caused by the defendant to another, or to the property of 05 another, as a result of the offense; or 06 (B) to another or the property of another sought by the 07 defendant by the commission of the offense. 08 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 09 read: 10 APPLICABILITY. The changes to AS 12.55.035(c), added by sec. 1 of this Act, apply 11 to offenses occurring on or after the effective date of this Act.