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
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:
- Judiciary (JU)
- Banking and Insurance (BI)
- 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
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SB 498, Original Filed Version (Current Bill Version) Posted 2/5/2025 at 11:58 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 173 Interest on Trust Accounts Program Interest Rates Brackett Similar Last Action: 3/4/2025 H 1st Reading (Original Filed Version) 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 655.97 Page 2 (pdf)