Misappropriation of funds; criminalize failure to pay utility services in accordance with lease.

SB 2820 criminalizes property managers or landlords who receive lease payments for utility services but deliberately fail to pay utility bills using deception or within 60 days. It imposes escalating criminal penalties based on the amount misappropriated, from up to 6 months in jail for under $1,000 to 20 years for $25,000 or more. The law exempts cases where tenants didn’t pay enough or utility companies made errors. It directly affects property management entities handling tenant rent that includes utility payments, requiring them to remit funds or face criminal charges.