2025 Regular SessionFlorida Legislature

H0173: Interest on Trust Accounts Program Interest Rates

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/15/2025
Filed
House of Representatives
1/22/2025
Referred to Civil Justice & Claims Subcommittee
House of Representatives
1/22/2025
Referred to Insurance & Banking Subcommittee
House of Representatives
1/22/2025
Referred to Judiciary Committee
House of Representatives
1/22/2025
Now in Civil Justice & Claims Subcommittee
House of Representatives
3/4/2025
1st Reading (Original Filed Version)
House of Representatives

Status Information

Current Status
Introduced(1/15/2025)
Chamber
House of Representatives

Sponsors

Republican: 1

Documents

Introduced
Bill Text1/15/2025154.5 KB