Judiciary Committee

JOINT FAVORABLE REPORT

Bill No.:

SB-1151

Title:

AN ACT CONCERNING ALIAS TAX WARRANTS AND EXECUTIONS AGAINST DEBTS DUE TO JUDGMENT DEBTORS SERVED UPON FINANCIAL INSTITUTIONS.

Vote Date:

4/10/2007

Vote Action:

Joint Favorable Substitute

PH Date:

2/20/2007

File No.:

575

SPONSORS OF BILL:

See Banks JF Report.

REASONS FOR BILL:

See Banks JF Report.

SUBSTITUTE LANGUAGE: Strikes entire bill and inserts new language that further streamlines and clarifies the statutes that address the process and service of tax warrants and other documents served on financial institutions. New language also clarifies the information that can be provided to tax collectors and/or marshals.

Language is retained to permit the Law Revision Commission to study the feasibility of service of alias tax warrants and other forms on banks by electronic transmission.

RESPONSE FROM ADMINISTRATION/AGENCY:

See Banks JF Report.

NATURE AND SOURCES OF SUPPORT:

See Banks JF Report.

NATURE AND SOURCES OF OPPOSITION:

See Banks JF Report.

Reported by: Jared W. Kupiec

Date: 4/27/07