Creates a mechanism for courts to eliminate interest accrued on nonrestitution debt during incarceration and improves incentives for payment of legal financial obligations in order to foster reintegration and reduce recidivism. This bill provides that the court is only required to waive interest that accrued on non-restitution legal financial obligations during the term of confinement for the conviction that gave rise the obligations. The Administrative Office of the Courts is required to send billing statements for legal financial obligations periodically, rather than monthly.