Many state, federal, and local statutes contain dollar amounts prescribed at the time the legislation was passed, but since that time in many cases, owing to inflation, those dollar values cited do not have the same meaning or effect in today's economy. Example: the constitution cites a $20 minimum for a jury trial. If corrected for inflation, this figure should be around $500 by today's standards. Similarly, penalties under various acts were cited as a "fine no greater than $500". By today's standards, such values should be on the order of about $10,000. Raising outdated monetary thresholds and specifications present in various statutes to correct for inflation should be considered as part of any responsible modernization effort.
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