Florida · Senate Bill 498 · 2025 Regular Session

Trust Fund Interest for Purposes Approved by the Supreme Court

SB 498 Sponsored by Erin Grall Died in committee

  1. Introduced Feb 5, 2025
  2. In committee Feb 20, 2025
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

26 steps, oldest first, as the legislature records them.

Show the 18 earlier steps
  1. SenateFiled
  2. CommitteeReferred to Judiciary; Banking and Insurance; Rules · Senate Judiciary
  3. SenateIntroduced
  4. CommitteeOn Committee agenda-- Judiciary, 03/12/25, 8:30 am, 110 Senate Building · Senate Judiciary
  5. CommitteeCS by Judiciary; YEAS 9 NAYS 2 · Senate Judiciary9–2 vote
  6. SenatePending reference review under Rule 4.7(2) - (Committee Substitute)
  7. CommitteeCS by Judiciary read 1st time · Senate Judiciary
  8. CommitteeNow in Banking and Insurance · Senate Banking and Insurance
  9. CommitteeOn Committee agenda-- Banking and Insurance, 03/31/25, 1:30 pm, 412 Knott Building · Senate Banking and Insurance
  10. CommitteeCS/CS by Banking and Insurance; YEAS 9 NAYS 1 · Senate Banking and Insurance9–1 vote
  11. SenatePending reference review under Rule 4.7(2) - (Committee Substitute)
  12. CommitteeNow in Rules · Senate Rules
  13. CommitteeCS/CS by Banking and Insurance read 1st time · Senate Banking and Insurance
  14. CommitteeOn Committee agenda-- Rules, 04/08/25, 9:00 am, 412 Knott Building · Senate Rules
  15. SenateCS/CS/CS by- Rules; YEAS 17 NAYS 7
  16. SenatePending reference review -under Rule 4.7(2) - (Committee Substitute)
  17. SenateCS/CS/CS by Rules read 1st time
  18. SenatePlaced on Calendar, on 2nd reading
  1. SenatePlaced on Special Order Calendar, 04/23/25
  2. SenateRead 2nd time -SJ 482
  3. SenateAmendment(s) adopted (233904) -SJ 482
  4. SenateRead 3rd time -SJ 482
  5. SenateCS passed as amended; YEAS 28 NAYS 10 -SJ 48228–10 vote
  6. HouseIn Messages
  7. HouseIndefinitely postponed and withdrawn from consideration
  8. HouseDied in Messages

Roll calls

3 recorded votes: 1 on the floor, 2 in committee. Each shows how every member voted.

CS passed as amended; YEAS 28 NAYS 10 -SJ 482 · Full Senate

28–10
Apr 23, 2025 · journal entry
Yes 28 No 10
Democrats: 1 yes, 9 no Independents: 1 yes, 0 no Republicans: 26 yes, 1 no
How each member voted

Yes · 28

No · 10

Committee and other votes

DateWhereQuestionResult
Mar 12, 2025 Senate committee CS by Judiciary; YEAS 9 NAYS 2 Passed 9–2
Mar 31, 2025 Senate committee CS/CS by Banking and Insurance; YEAS 9 NAYS 1 Passed 9–1

Sponsors

The member who introduced it.

  • Erin GrallR Primary sponsor · District 29
  • R Rules Sponsoring committee
  • Ba Banking and Insurance Sponsoring committee
  • J Judiciary Sponsoring committee

From Florida's official records (leg.state.fl.us; flhouse.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.