FL H1253 | 2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on March 8 2024 - 100% progression
Action: 2024-03-08 - Died in Insurance & Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Interest on Trust Accounts

Sponsors


History

DateChamberAction
2024-03-08HouseDied in Insurance & Banking Subcommittee
2024-01-13HouseNow in Insurance & Banking Subcommittee
2024-01-13HouseReferred to Commerce Committee
2024-01-13HouseReferred to Civil Justice Subcommittee
2024-01-13HouseReferred to Insurance & Banking Subcommittee
2024-01-09House1st Reading (Original Filed Version)
2024-01-04HouseFiled

Same As/Similar To

S1336 (Same As) 2024-03-08 - Died in Appropriations Committee on Agriculture, Environment, and General Government

Code Citations

ChapterArticleSectionCitation TypeStatute Text
65597Amended CodeSee Bill Text

Florida State Sources


Bill Comments

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