S0498: Trust Fund Interest for Purposes Approved by the Supreme Court
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
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Bill History
Amendments
Senate Floor Amendment #233904
Senate Committee Amendment #263874
Senate Committee Substitue Amendment #651292 Amendment (Delete All) (263874)
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
