Amendments to Rules Regulating the Florida Bar

Pursuant to rule 1 — 12.1(f) of the Rules Regulating The Florida Bar, fifty or more active members of The Florida Bar, on behalf of the Florida Bar Foundation (Foundation), petition the Court to amend rule 5-1.1(e) of the Rules Regulating The Florida Bar. We have jurisdiction pursuant to article V, section 15 of the Florida Constitution.

Rule 5-l.l(e) deals with the Interest on Trust Accounts (IOTA) Program and requires that all nominal or short-term funds *182which are placed in trust with a member of The Florida Bar practicing within the state of Florida be deposited into an interest-bearing…