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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: 2/5/2025 Senate - Filed
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/5/2025 Senate • Filed