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.
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
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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
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HB 1253, Original Filed Version (Current Bill Version) Posted 1/4/2024 at 4:36 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1336 Interest on Trust Accounts Grall Identical Last Action: 3/8/2024 S Died in Appropriations Committee on Agriculture, Environment, and General Government 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 655.97 Page 1 (pdf)