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Senate Judiciary Committee adopts amendment and passes Senate Bill 529 clarifying restitution for stolen property
Summary
The Senate Judiciary Committee adopted an amendment to Senate Bill 529 that defines 'full restitution' for identifiable stolen property and requires an affidavit be filed with local law enforcement; the committee then passed the bill as amended after brief questions about notice to pawnbrokers and a statutory cross-reference.
The Senate Judiciary Committee adopted an amendment to Senate Bill 529 and passed the measure as amended during a short committee session. The amendment defines how owners of identifiable stolen property are to be made whole when a pawnbroker no longer has the item.
Senator Clark, who presented the bill and the amendment, read the definition included in the change: "Fair market value means the price a willing buyer would pay a willing seller after considering all factors in the marketplace to influence the price of property, and full restitution means the higher of the following, the fair market value, the identical identifiable stolen property, or the…
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