§657-24 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]
Revision Note
Section "478-3" substituted for "478-2" pursuant to §23G-15.
Structure Hawaii Revised Statutes
Title 36. Civil Remedies and Defenses and Special Proceedings
657-1.8 Civil action arising from sexual offenses; application; certificate of merit.
657-3.5 Relation back of amendments.
657-4 Two years; libel and slander.
657-5 Domestic judgments and decrees.
657-5.5 Judgments for support.
657-6 Four years; causes arising in foreign jurisdiction, etc.
657-7 Damage to persons or property.
657-7.3 Medical torts; limitation of actions; time.
657-7.5 Third-party defendants, time in which plaintiff may amend.
657-8 Limitation of action for damages based on construction to improve real property.
657-9 Action barred in foreign jurisdiction.
657-11 Recoveries authorized by federal statute.
657-13 Infancy, insanity, imprisonment.
657-14 Disability to exist at accrual of action.
657-15 Two or more disabilities.
657-18 Extension by absence from State.
657-19 Extension by injunction.
657-20 Extension by fraudulent concealment.
657-21 Extension by keeping defendant in ignorance.
657-21.5 Extension by sentencing of criminal defendant.
657-22 When process not commencement.
657-23 Extension while criminal case is pending.
657-24 Periodic payments of damages.