Florida H893: Trust Fund Interest for Purposes Approved by Supreme Court

What the bill says

An act relating to trust fund interest for purposes approved by the Supreme Court; creating s. 655.98, F.S.; authorizing financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requiring certain entities to use interest and dividends for specified purposes; requiring certain financial institutions to pay specified interest or dividends; providing an effective date.

From the enrolled text, February 19, 2026:

An act relating to trust fund interest for purposes approved by the Supreme Court; creating s. 655.98, F.S.; authorizing financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requiring certain entities to use interest and dividends for specified purposes; requiring certain financial institutions to pay specified interest or dividends; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 655.98 Florida Statutes, is created to read: 655.98 Lawyer or law firm trust account interest rates.--A financial institution may hold funds in an interest-bearing trust account of a lawyer or law firm in which the institution remits interest or dividends on the balance of the deposited funds to an entity established by the Supreme Court. Such entity shall use the interest or dividends to provide or facilitate the provision of free legal services to low-income individuals or for such other purposes as may be expressly authorized by rule of the Supreme Court. If the financial institution holds such an account, it must pay, net of all fees and charges assessed by words underlined are additions. hb893 -00-er FLORIDAHOUSEOFREPRESENTATIVES HB 893 2026 Legislature the financial institution, interest or dividends at the Wall Street Journal prime rate in effect on the first business day of …

Read the full official text

Sponsors

• Koster, Traci (R, HD-066) · primary sponsor
• Rosenwald, Mitch (D, HD-098)
• Valdés, Susan (R, HD-064)

Latest actions

1. September 1, 2026: Veto Message received (2027 Regular Session)
2. June 30, 2026: Vetoed by Governor
3. June 15, 2026: Signed by Officers and presented to Governor
4. February 19, 2026: Ordered enrolled
5. February 19, 2026: In Messages
6. February 19, 2026: Immediately certified -SJ 356
7. February 19, 2026: Passed; YEAS 38 NAYS 0 -SJ 347
8. February 19, 2026: Read 3rd time -SJ 347
9. February 19, 2026: Read 2nd time -SJ 347
10. February 19, 2026: Substituted for SB 1000 -SJ 347

Votes

• Senate: H 893 Filed (February 19, 2026): 38 yea, 0 nay, passed
• House: H 893 Filed (February 11, 2026): 112 yea, 0 nay, passed
• House: Commerce Committee (February 3, 2026): 20 yea, 0 nay, passed
• House: Commerce Committee (February 3, 2026): 20 yea, 0 nay, passed
• House: Judiciary Committee (January 27, 2026): 20 yea, 0 nay, passed
• House: Judiciary Committee (January 27, 2026): 20 yea, 0 nay, passed

Common questions

What is H893?

H893 is a bill in the Florida Legislature (2026 Regular Session): Trust Fund Interest for Purposes Approved by Supreme Court.

What does H893 do?

In its own words: An act relating to trust fund interest for purposes approved by the Supreme Court; creating s. 655.98, F.S.; authorizing financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requiring certain entities to use interest and dividends for specified purposes; requiring certain financial institutions to pay specified interest or dividends; providing an effective date.

What is the status of H893?

Vetoed as of September 1, 2026. Latest action: Veto Message received (2027 Regular Session) (September 1, 2026).

Who sponsored H893?

Koster, Traci (R, HD-066), with 2 co-sponsors.

Where is the official record for H893?

On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/893