HB 1253: Interest on Trust Accounts
GENERAL BILL by Brackett ; (CO-INTRODUCERS) Black
Interest on Trust Accounts; Requires CFO to set rate of interest payable by eligible institutions on interest on trust accounts quarterly, effective on specified dates; provides that percentage yield of such rate may not exceed specified threshold; requires CFO to inform Funding Florida Legal Aid of rate established for quarter; authorizes eligible institutions to pay annual percentage yield that is greater of specified interest rates or dividends on specified accounts; requires that such institutions submit to Funding Florida Legal Aid certain form promulgated by The Florida Bar.
Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/4/2024 | House |
• Filed |
| 1/9/2024 | House |
• 1st Reading (Original Filed Version) |
| 1/13/2024 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Civil Justice Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/8/2024 | House |
• Died in Insurance & Banking Subcommittee |
