HRS §657-24
Paying large damage awards over time
When the state or a local government loses a tort case and must pay more than $1,000,000, it can choose to pay the extra amount in installments over up to five years. The plan must include interest and be approved by the court.
countiescourtsstate agencies
The statute, as written — Periodic payments of damages
In any action in tort involving the State, any political subdivision of the State, or any governmental agency as a tortfeasor where a final judgment is obtained of more than $1,000,000, the State, political subdivision, or governmental agency has the option of paying that portion of the award in excess of $1,000,000 by periodic payments for a period not to exceed five years. The periodic payments shall include interest on the unpaid balance at the rate specified in section 478-3. A proposed periodic payment plan shall be submitted by the State, political subdivision, or governmental agency to the court in a post judgment hearing for final approval. The court shall approve or order modification of the plan based upon the facts and circumstances of the case and the needs of the parties. [L Sp 1986, c 2, §14]
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.