Bill Summary

HB 173 Interest on Trust Accounts Program Interest Rates (2025 Session)
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Sponsors
by Brackett
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Summary
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. Effective Date: July 1, 2025
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committees of reference
» H Civil Justice & Claims Subcommittee
   H Insurance & Banking Subcommittee
   H Judiciary Committee
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Actions
01/15/25
HOUSE 
Filed
01/22/25
HOUSE 
Referred to Civil Justice & Claims Subcommittee; Insurance & Banking Subcommittee; Judiciary Committee
01/22/25
HOUSE 
Now in Civil Justice & Claims Subcommittee
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bill text & filed amendments
0173
Filed on 01/15/25
PDF
No amendments to this bill text filed.
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Statute Citations
655.97
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