FL H5707

Establishes a new Florida Savings Fund as a segregated state fund, calculated as 5% of the official estimate of total General Revenue Fund appropriations minus the balance of the Lawton Chiles Endowment Fund

Requires the Revenue Estimating Conference to certify the required Florida Savings Fund balance before the General Appropriations Act takes effect, with the Chief Financial Officer transferring 25% of the needed amount each calendar quarter from the General Revenue Fund

Specifies that interest earned by the Florida Savings Fund deposits into the General Revenue Fund, and funds may only be used for emergencies declared by the Governor or transferred to the General Revenue Fund as authorized by law

Redefines when a General Revenue Fund deficit occurs to include consideration of the Florida Savings Fund balance alongside General Revenue Fund funds, and authorizes the Chief Financial Officer to transfer necessary amounts from the Florida Savings Fund to cover shortfalls

Allows funds from the Florida Savings Fund to be transferred and expended during emergencies declared under state emergency provisions, in addition to existing Budget Stabilization Fund resources