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SB 498: Interest Rates Applicable to the Interest on Trust Accounts Program

GENERAL BILL by Grall

Interest Rates Applicable to the Interest on Trust Accounts Program; Requiring the Chief Financial Officer to establish quarterly two interest rate alternatives applicable to the Interest on Trust Accounts (IOTA) Program to determine interest paid to Funding Florida Legal Aid (FFLA) by participating financial institutions; requiring the Chief Financial Officer to inform FFLA of the rate alternatives established for each upcoming quarter, etc.

Effective Date: Upon becoming a law
 Last Action: 3/7/2025 Senate - On Committee agenda-- Judiciary, 03/12/25, 8:30 am, 110 Senate Building
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)


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Bill History

Date Chamber Action
2/5/2025 Senate • Filed
2/20/2025 Senate • Referred to Judiciary; Banking and Insurance; Rules
3/4/2025 Senate • Introduced
3/7/2025 Senate • On Committee agenda-- Judiciary, 03/12/25, 8:30 am, 110 Senate Building