PROVIDED SUMMARY
Trust Fund/Creation/Vacancy Relief and Risk Mitigation Trust Fund/Florida Housing Finance Corporation; Creates Vacancy Relief & Risk Mitigation Trust Fund within Florida Housing Finance Corporation for specified purpose; authorizes any unexpended balance at specified time to revert & be reappropriated for certain purpose; provides for future review & termination or re-creation of trust fund.
Full bill text →
Plain English Summary
AI-GENERATED
Creates a new trust fund for a veterans housing pilot program.
The bill creates the Vacancy Relief and Risk Mitigation Trust Fund within the Florida Housing Finance Corporation. The Legislature may appropriate funds to this new fund to implement the Homes for Veterans Property Management Incentive Pilot Program.
Unspent money in the trust fund does not expire. Any balance remaining at the end of a fiscal year automatically reverts to the corporation to be used for the program in the next fiscal year.
The trust fund is temporary. It must be reviewed before it ends and is required to terminate on July 1, 2030, unless the Legislature ends it sooner.
The bill only takes effect if a separate bill, HB 1481 or similar legislation, is also adopted and becomes law during the same legislative session.
KEY PROVISIONS
AIRequires that any money left in the fund at the end of a fiscal year automatically returns to the corporation for the next year, bypassing standard state fund rules.
“any balance in the trust fund at the end of the fiscal year shall revert and be appropriated to the corporation for the next fiscal year”
bill text, line 23 →
TIMELINE
3/13/2026
Died in Budget Committee; Companion bill(s) passed, see CS/CS/SB...
2/20/2026
Added to Budget Committee agenda
2/13/2026
1st Reading (Committee Substitute 1)
2/13/2026
Now in Budget Committee
2/13/2026
Referred to Commerce Committee
2/13/2026
Referred to Budget Committee
2/12/2026
Laid on Table under Rule 7.18(a)
2/12/2026
Reported out of Intergovernmental Affairs Subcommittee
2/12/2026
Favorable with CS by Intergovernmental Affairs Subcommittee
2/10/2026
Added to Intergovernmental Affairs Subcommittee agenda
2/5/2026
Now in Intergovernmental Affairs Subcommittee
2/5/2026
Reported out of Housing, Agriculture & Tourism Subcommittee
2/5/2026
Favorable by Housing, Agriculture & Tourism Subcommittee
2/3/2026
Added to Housing, Agriculture & Tourism Subcommittee agenda
1/15/2026
Now in Housing, Agriculture & Tourism Subcommittee
1/15/2026
Referred to Commerce Committee
1/15/2026
Referred to Transportation & Economic Development Budget Subcommittee
1/15/2026
Referred to Intergovernmental Affairs Subcommittee
1/15/2026
Referred to Housing, Agriculture & Tourism Subcommittee
1/13/2026
1st Reading (Original Filed Version)
16 EARLIER →
STATUTES IT CHANGES
STAFF ANALYSES