Bill Summary

SB 498 Trust Fund Interest for Purposes Approved by the Supreme Court (2025 Session)
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Sponsors
by Grall  CS Sponsors: Judiciary, Banking and Insurance, Rules
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Summary
Trust Fund Interest for Purposes Approved by the Supreme Court; Authorizing financial institutions to hold funds in specified trust accounts to be used for specified purposes; requiring such financial institutions to pay a certain minimum interest rate or dividend; requiring that the interest rate be a specified percentage; requiring a financial institution to submit a quarterly rate validation sheet and affidavit to the Chief Financial Officer attesting that it will pay a minimum certain interest rate or dividend; requiring that the affidavit attest that certain information is true and factual, etc. Effective Date: Upon becoming a law
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committees of reference
   S Judiciary
   S Banking and Insurance
   S Rules
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Actions
02/05/25
SENATE
Filed
02/20/25
SENATE
Referred to Judiciary; Banking and Insurance; Rules
03/07/25
SENATE
On Committee agenda - Judiciary, 03/12/25, 8:30 am, 110 S
03/12/25
SENATE
Favorable with CS by Judiciary; 9 Yeas, 2 Nays
03/12/25
SENATE
Committee Substitute Text (C1) Filed
03/13/25
SENATE
Now in Banking and Insurance
03/26/25
SENATE
On Committee agenda - Banking and Insurance, 03/31/25, 1:30 pm, 412 K
03/31/25
SENATE
Favorable with CS by Banking and Insurance; 9 Yeas, 1 Nay
04/02/25
SENATE
Committee Substitute Text (C2) Filed
04/02/25
SENATE
Now in Rules
04/03/25
SENATE
On Committee agenda - Rules, 04/08/25, 9:00 am, 412 K
04/08/25
SENATE
Favorable with CS by Rules; 17 Yeas, 7 Nays
04/09/25
SENATE
Committee Substitute Text (C3) Filed
04/10/25
SENATE
Placed on Calendar, on 2nd reading
04/21/25
SENATE
Placed on Special Order Calendar, 04/23/25
04/23/25
SENATE
Read Second Time; Amendment Adopted (233904); Read Third Time; Passed (Vote: 28 Yeas / 10 Nays)
04/23/25
SENATE
Engrossed Text (E1) Filed
04/23/25
HOUSE 
In Messages
05/03/25
HOUSE 
Indefinitely postponed and withdrawn from consideration
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bill text & filed amendments
0498
Filed on 02/05/25
PDF
Amendment 263874 DE
Grall
Filed on 03/11/25
Replaced by Substitute Amendment
PDF
Amendment 651292 SDA
Grall
Filed on 03/11/25
Replaced by CS
PDF
0498C1
Filed on 03/12/25
PDF
Amendment 496408
Grall
Filed on 03/28/25
Replaced by CS
PDF
0498C2
Filed on 04/02/25
PDF
Amendment 869322
Grall
Filed on 04/07/25
Replaced by Substitute Amendment
PDF
Amendment 690360 LF SA
Grall
Filed on 04/07/25
Replaced by CS
PDF
0498C3
Filed on 04/09/25
PDF
Amendment 233904
Grall
Filed on 04/22/25
Adopted on 2nd Reading
PDF
0498E1
Filed on 04/23/25
PDF
No amendments to this bill text filed.
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Statute Citations
655.97
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