H 1483

F   L      O   R   I   D   A     H   O   U   S   E      O   F      R   E   P    R   E   S   E   N   T   A   T   I   V   E   S
    CS/HB 1483  2026
1A bill to be entitled
2An act relating to trust funds; creating s. 420.56,
3F.S.; creating the Vacancy Relief and Risk Mitigation
4Trust Fund within the Florida Housing Finance
5Corporation for a specified purpose; authorizing any
6unexpended balance at a specified time to revert and
7be reappropriated for a certain purpose; providing for
8future review and termination or re-creation of the
9trust fund; providing a contingent effective date.
10
11Be It Enacted by the Legislature of the State of Florida:
12
13Section 1.  Section 420.56, Florida Statutes, is created to
14read:
15420.56       Homes for Veterans Property Management Incentive
16Pilot Program trust fund.—
17(1)     The Vacancy Relief and Risk Mitigation Trust Fund is
18created within the Florida Housing Finance Corporation, to which
19the Legislature may appropriate funds for the purpose of
20implementing the Homes for Veterans Property Management
21Incentive Pilot Program under s. 83.684.
22(2)     Notwithstanding s. 216.301 and pursuant to s. 216.351,
23any balance in the trust fund at the end of the fiscal year
24shall revert and be appropriated to the corporation for the next
25fiscal year for carrying out the purposes of the trust fund.
                                                  Page 1 of 2
 CODING: Words stricken are deletions; words underlined are additions.
                                                                                                     hb1483-01-c1
F   L   O   R   I   D   A     H   O   U   S   E      O   F      R   E   P    R   E   S   E   N   T   A   T   I   V   E   S
 CS/HB 1483  2026
26(3)     In accordance with s. 19(f)(2), Art. III of the State
27    Constitution, the Vacancy Relief and Risk Mitigation Trust Fund
28    must, unless terminated sooner, be terminated on July 1, 2030.
29    Before the scheduled termination of the Vacancy Relief and Risk
30    Mitigation Trust Fund, the trust fund must be reviewed as
31    provided in s. 215.3206(1) and (2).
32Section 2.  This act shall take effect July 1, 2026, but
33    only if HB 1481 or similar legislation is adopted in the same
34    legislative session or an extension thereof and becomes a law.
                                               Page 2 of 2
     CODING: Words stricken are deletions; words underlined are additions.
                                                                                                  hb1483-01-c1