Enrolled HB 355: Relating to criminal fines for organizations.
00Enrolled HB 355 01 Relating to criminal fines for organizations. 02 _______________ 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) $2,500,000 [$1,000,000] for a felony offense or for a 08 misdemeanor offense that results in death; 09 (B) $500,000 [$200,000] for a class A misdemeanor offense 10 that does not result in death; 11 (C) $75,000 [$25,000] for a class B misdemeanor offense that 12 does not result in death; 13 (D) $25,000 [$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), as amended by sec. 1 of this Act, 11 apply to offenses occurring on or after the effective date of this Act.