Interest on Trust Accounts
Summary
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.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 4, 2024
Last action Mar 8, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Jan 13, 2024
Lower · Passed
Now in Insurance & Banking Subcommittee
lower
Jan 13, 2024
Committee
Referred to Commerce Committee
lower
Jan 13, 2024
Committee
Referred to Civil Justice Subcommittee
lower
Jan 13, 2024
Committee
Referred to Insurance & Banking Subcommittee
lower
1 primary · 1 co-sponsor
Sponsors
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