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FL S0510
Bill
AI Summary
- Exempts the State Housing Trust Fund and the Local Government Housing Trust Fund from the Legislature's authority to transfer unappropriated cash balances to the Budget Stabilization Fund and the General Revenue Fund via the General Appropriations Act
- Amends section 215.32, Florida Statutes, which governs the segregation and use of state funds, including trust fund administration and accountability requirements
- Adds the two housing trust funds to an existing list of protected trust funds that are shielded from legislative "sweeps," alongside funds such as the State Transportation Trust Fund, the Florida Retirement System Trust Fund, and federally mandated trust funds
- Includes minor technical and grammatical revisions to trust fund operational language, such as punctuation updates and modernized phrasing, without changing substantive requirements for agency trust fund usage
- Effective date of July 1, 2021
Legislative Description
State Funds
Last Action
Died in Appropriations
4/30/2021
Committee Referrals
Appropriations2/18/2021
Finance and Tax2/2/2021
Community Affairs1/15/2021
Full Bill Text
No bill text available