Loading chat...
FL S1466
Bill
Status
Failed
6/16/2025
Primary Sponsor
Banking and Insurance
Click for details
AI Summary
- Creates the My Safe Florida Home Trust Fund within the Department of Financial Services, funded exclusively to support the My Safe Florida Home Program
- Following a Governor-declared state of emergency, 20 percent of insurance premium taxes collected under specified statutes must be distributed to the trust fund no later than the end of the third month after the month landfall occurred
- Trust fund balance may not exceed $300 million at any time; any excess must be transferred to the General Revenue Fund
- Department of Financial Services must submit an annual report on fund balances and transfers to the President of the Senate and the Speaker of the House by February 1 each year
- Trust fund is scheduled for termination on July 1, 2029, unless re-created, and the act takes effect July 1, 2025
Legislative Description
My Safe Florida Home Trust Fund/Department of Financial Services
Last Action
Died in Finance and Tax
6/16/2025
Committee Referrals
Finance and Tax4/2/2025
Full Bill Text
No bill text available