Loading chat...
FL H0959
Bill
Status
Failed
6/16/2025
Primary Sponsor
Angela Nixon
Click for details
AI Summary
- Creates the Emergency Residential Property Insurance Assistance Trust Fund within the Department of Financial Services to provide financial assistance to homeowners who demonstrate financial need or inability to pay rising homeowners' insurance premiums
- Funds the trust fund with $500 million from state reserves
- Limits eligibility to homeowners with a total annual household income not exceeding $250,000 before taxes
- Assigns administration of the trust fund to the Department of Financial Services
- Schedules the trust fund for termination on July 1, 2029, subject to legislative review before that date, with an effective date of July 1, 2025
Legislative Description
Trust Fund/Creation/Emergency Residential Property Insurance Assistance Trust Funds/DFS
Last Action
Died in State Administration Budget Subcommittee
6/16/2025
Committee Referrals
State Administration Budget Subcommittee3/2/2025
Full Bill Text
No bill text available