FL S2002

Creates the Florida Commercial Rent Stabilization Fund as a separate account within the Economic Development Trust Fund to provide rent relief to qualifying small businesses.

Defines "small business tenant" as a business with less than $250,000 in annual net profits that has experienced a 25 percent or greater revenue decline due to COVID-19, has paid 25 percent of monthly rent, and was operating before February 15, 2020.

Requires landlords to forgive 25 percent of accrued rent, refrain from collecting forgiven rent as debt, and prohibits initiating possession actions for forgiven rent amounts during the assistance period to receive payment from the fund.

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

Prohibits landlords from filing possession actions for past due rent until 90 days after the assistance period ends, which extends through December 31, 2021 or longer if Executive Order 20-52 remains in effect.