Bill Summary: SPB 7200 - Florida Housing Finance Corporation

• Eliminates automatic documentary stamp tax distributions to State Housing Trust Fund and Local Government Housing Trust Fund; requires all housing funds to be appropriated by Legislature instead of flowing automatically from tax revenues.

• Replaces references to Department of Community Affairs with "Jobs Florida" throughout housing statutes and changes "Secretary" to "Commissioner" for the agency head.

• Makes expenditures from housing program funds subject to legislative appropriation, removes exemptions that previously allowed corporation to retain unused operational appropriations, and subjects administrative costs to budget approval.

• Redirects interest earned on housing fund investments to General Revenue Fund rather than back to housing accounts, and requires loan repayments and fund proceeds to be deposited into State Housing Trust Fund instead of reverting to General Revenue Fund.

• Revises State Housing Initiatives Partnership Program distributions to counties, establishing fixed guaranteed amounts ($116,667 for one-third of funds and $233,333 for two-thirds) instead of formula-based calculations.