Reduces the amount of the total bond that is required of all appellants.

A BILL FOR AN ACT

SECTION 1. Section 328L-7, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

"(a) In civil litigation under any legal theory involving a signatory, a successor of a signatory, or an affiliate of a signatory to the tobacco master settlement agreement, the supersedeas bond to be furnished to stay the execution of the judgment during the entire course of appellate review shall be set in accordance with applicable laws or court rules, except that the total bond that is required of all appellants collectively shall not exceed [$150,000,000,] $25,000,000, regardless of the amount of the judgment."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.