Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateFloridaVetoed
HB 893: Trust Fund Interest for Purposes Approved by Supreme Court
Traci Koster
HB 893 status: Vetoed — Vetoed by Governor (updated Jun 30, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Moderate Risk
Impact:Moderate Impact 45/100
Constitutionality70%
Bipartisan50%
Public opinion50%
Bill summary
Trust Fund Interest for Purposes Approved by Supreme Court; Authorizes financial institutions to hold funds in specified trust accounts used for specified purposes expressly authorized by Supreme Court rule; requires certain entities to use interest & dividends for specified purposes; requires certain financial institutions to pay specified interest or dividends.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Clarifies legal handling of trust funds
- Establishes clear mandates for financial institutions
- Ensures funds are directed to court-approved purposes
Risks
- Increases compliance obligations for financial institutions
- Limits discretion in trust account management
- Requires system adjustments for interest calculations
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Mixed / Neutral
50%
Benefits
- Aligns fund usage with Supreme Court authority
- Enhances oversight of trust fund allocations
- Reduces ambiguity in trust administration
Risks
- Concentrates administrative authority in judicial rules
- Reduces legislative oversight over fund disbursements
- Limits alternative purposes for trust fund usage
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
The bill was vetoed by the Governor, meaning its provisions never took effect.
Analysis scope
Source provided is a summary abstract, not full bill text.
04
Where it stands
Official recordVetoed by Governor
- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorUpcoming
- EnactedUpcoming
05
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06
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