HB 173: Interest on Trust Accounts Program Interest Rates

GENERAL BILL by Brackett

Interest on Trust Accounts Program Interest Rates ; Requires CFO to establish quarterly two interest rate alternatives applicable to Interest on Trust Accounts (IOTA) Program to determine interest paid to Funding Florida Legal Aid (FFLA) by participating financial institutions; requires such institutions to select one of two rate alternatives annually; requires that each rate alternative be set at specified rate; requires CFO to inform FFLA of rate alternatives established for each upcoming quarter; provides applicability.

Current Bill Version Posted: 1/15/2025 11:00 AM

• Related Bills (2)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 498 (e1) by Grall Trust Fund Interest for Purposes Approved by the Supreme Court Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Similar
  S 1612 (c2) by Grall Financial Services Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976	Compare

• Citations - Statute (1)

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  655.97

  Page 3 [pdf]

• Bill History

  S = Senate, H = House

  1/15/2025	H	• Filed
  1/22/2025	H	• Referred to Civil Justice & Claims Subcommittee • Referred to Insurance & Banking Subcommittee • Referred to Judiciary Committee • Now in Civil Justice & Claims Subcommittee
  3/4/2025	H	• 1st Reading (Original Filed Version)
  5/3/2025	H	• Indefinitely postponed and withdrawn from consideration