Trust Fund Interest for Purposes Approved by the Supreme Court
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What it does
Official 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.
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More on this bill
Where it stands
Introduced
Passed Senate
Died
Looking ahead
No hearings or votes scheduled.
History
2025
Jun 16Died in MessagesDied
May 3Indefinitely postponed and withdrawn from considerationMajor
Apr 23In Messages
Vote recorded Third Reading. Result: pass.Upper
Apr 23CS passed as amended; YEAS 28 NAYS 10Passed Senate