FL H1469

Creates the Florida Commercial Rent Stabilization Fund as a separate account within the Economic Development Trust Fund to provide rent relief to small business tenants affected by COVID-19.

Defines eligible small business tenants as those with less than $250,000 in annual net profits, a 25 percent or greater revenue decline due to COVID-19, operation before February 15, 2020, and payment of 25 percent of monthly rent.

Requires landlords to forgive 25 percent of accrued rent during the assistance period (through Executive Order 20-52 or December 31, 2021, whichever is longer) and receive payment from the fund for the remaining 75 percent less tenant-paid amounts.

Prohibits landlords from filing possession actions for forgiven rent amounts during the assistance period and prevents initiation of possession actions for past-due rent for 90 days after the assistance period ends.

Appropriates $543,000,000 in nonrecurring funds for the 2021-2022 fiscal year, with any remaining funds transferred to the General Revenue Fund 60 days after the assistance period ends.