HB 1253 -  Interest on Trust Accounts

by Brackett (CO-SPONSORS) Black
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.
Effective Date: July 1, 2024
Last Event: Died in Insurance & Banking Subcommittee on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 03/08/2024 - 2:25 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/13/2024 - 9:36 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/13/2024 - 9:36 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice Subcommittee Time: 01/13/2024 - 9:36 AM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/13/2024 - 9:36 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Filed Time: 01/04/2024 - 4:36 PM Member: Brackett Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
655.97 SB 1336