HB 1253

  • Florida House Bill
  • 2024 Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Interest on Trust Accounts

Bill Subjects

Banks And Banking

Abstract

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 Sponsors (2)

Votes


No votes to display

Actions


Mar 08, 2024

House

Died in Insurance & Banking Subcommittee

Jan 13, 2024

House

Referred to Insurance & Banking Subcommittee

House

Referred to Civil Justice Subcommittee

House

Referred to Commerce Committee

House

Now in Insurance & Banking Subcommittee

Jan 09, 2024

House

1st Reading (Original Filed Version)

Jan 04, 2024

House

Filed

Bill Text

Bill Text Versions Format
H 1253 Filed PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Florida Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.