SB705 H JUD AM #1
Morgan 3345
The Committee on the Judiciary moved to amend the bill by striking everything after the enacting clause and inserting in lieu thereof the following language:
(a) As used in this section, the following terms shall have the following meanings:
"Property" includes, but is not limited to, leased or rented personal property;
"Personal property" means personal property having a replacement cost value greater than $100, excluding any late fees and penalties, including but not limited to heavy equipment contained within the definition of "heavy equipment rental inventory" in §11-5-15 of this code, tractors, and other farm equipment primarily designed for use in agriculture; and
"Funds" means any form of money, including cash, payment instruments such as checks, money orders, or sales drafts, and receipts from electronic fund transfers.
(b) A person is guilty of the offense of theft by conversion when, after having lawfully obtained funds or other property of another under an agreement or by some other legal obligation in order to make a specified application of the funds or a specified disposition of the property, he or she knowingly converts the funds or property to his or her own use in violation of the agreement or legal obligation.
(c) Any person who violates the provisions of this section involving funds or other property valued in an amount of less than $2,500 is guilty of a misdemeanor and, upon conviction thereof, shall be confined in jail for not more than one year, fined not more than $1,000, or both fined and confined. Any person who violates the provisions of this section involving funds or other property valued in an amount of $2,500 or more, is guilty of a felony and, upon conviction thereof, shall be imprisoned in a state correctional facility for not less than one year nor more than 10 years, fined not more than $2,500, or both fined and imprisoned.
(d) The court, when sentencing a defendant convicted of an offense under this section, shall order, in addition to or in lieu of any other penalty authorized by law, that the defendant make restitution to any victim in accordance with §61-11A-4 of this code.
(e) Venue for prosecution of any violation of this section may be in the county in which the defendant resides, the county in which the victim resides, in the county where the property is located, in the county where the agreement was executed, or in the county where the obligation arose.
Adopted
Rejected