The bill amends section 2534 of the Revised Judicature Act of 1961, specifically addressing the costs associated with publishing legal notices and related documents in newspapers. It establishes a maximum cost of $20.50 per folio for the first publication and $8.45 for subsequent publications, with minimum charges set at $59.00 for notices published twice or more and $44.00 for single publications.
Additionally, the bill mandates that the Department of Treasury adjust these rates to reflect the percentage increase in the Consumer Price Index from March 1, 2008, to June 1, 2017, and to continue making annual adjustments starting March 1, 2018. The adjustments must be rounded to the nearest five cents. The bill also stipulates that newspapers cannot charge higher rates for political notices than they do for commercial advertisements of similar size.
Statutes affected: Senate Introduced Bill: 600.2534
As Passed by the Senate: 600.2534