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FL H0851
Bill
Status
Failed
6/16/2025
Primary Sponsor
Chip LaMarca
Click for details
AI Summary
- Creates the My Safe Florida Home Trust Fund within the Department of Financial Services, to be used exclusively for the My Safe Florida Home Program
- Following a Governor-declared state of emergency, 5% of state sales tax collected in the 2 months after hurricane landfall from dealers in declared counties shall be distributed to the trust fund, with distribution completed by the end of the third month after landfall
- Caps the trust fund balance at $300 million, with any excess transferred to the General Revenue Fund
- Requires the Department of Financial Services to deliver an annual report on fund balances and transfers to the Senate President and House Speaker by February 1 each year
- Schedules the trust fund for termination on July 1, 2029, unless re-created, with the act taking effect July 1, 2025
Legislative Description
Trust Funds/My Safe Florida Home Trust Fund/Department of Financial Services
Last Action
Died in Natural Resources & Disasters Subcommittee
6/16/2025
Committee Referrals
Natural Resources & Disasters Subcommittee3/2/2025
Full Bill Text
No bill text available