Amendment 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-l.l(e) of the Rules Regulating The Florida Bar. We have jurisdiction. See art. V, § 15, Fla. Const.

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