Trust Fund/Creation/Vacancy Relief and Risk Mitigation Trust Fund/Florida Housing Finance Corporation; Creates Vacancy Relief & Risk Mitigation Trust Fund within Florida Housing Finance Corporation for specified purpose; authorizes any unexpended balance at specified time to revert & be reappropriated for certain purpose; provides for future review & termination or re-creation of trust fund.
What This Bill Does
Trust Fund/Creation/Vacancy Relief and Risk Mitigation Trust Fund/Florida Housing Finance Corporation; Creates Vacancy Relief & Risk Mitigation Trust Fund within Florida Housing Finance Corporation for specified purpose; authorizes any unexpended balance at specified time to revert & be reappropriated for certain purpose; provides for future review & termination or re-creation of trust fund.
Limits and Unknowns
This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: COMMITTEE/SUBCOMMITTEE AMENDMENT
Bill No.
COMMITTEE/SUBCOMMITTEE AMENDMENT
Bill No.
HB 1483 (2026)
Amendment No.
391399 - h1483-strike.docx
Published On: 2/11/2026 4:17:17 PM
Page 1 of 2
COMMITTEE/SUBCOMMITTEE ACTION
ADOPTED (Y/N)
ADOPTED AS AMENDED (Y/N)
ADOPTED W/O OBJECTION (Y/N)
FAILED TO ADOPT (Y/N)
WITHDRAWN (Y/N)
OTHER
Committee/Subcommittee hearing bill: Intergovernmental Affairs 1
Subcommittee 2
Representative Rosenwald offered the following: 3
4
Amendment (with title amendment) 5
Remove everything after the enacting clause and insert: 6
Section 1.
Section 420.56, Florida Statutes, is created to 7
read: 8
420.56 Homes for Veterans Property Management Incentive 9
Pilot Program trust fund.— 10
(1) The Vacancy Relief and Risk Mitigation Trust Fund is 11
created within the Florida Housing Finance Corporation, to which 12
the Legislature may appropriate funds for the purpose of 13
implementing the Homes for Veterans Property Management 14
Incentive Pilot Program under s.
Bill History
2026-03-13House
• Died in Budget Committee
2026-02-20House
• Added to Budget Committee agenda
2026-02-13House
• Referred to Budget Committee • Referred to Commerce Committee • Now in Budget Committee • 1st Reading (Committee Substitute 1)
2026-02-12House
• Favorable with CS by Intergovernmental Affairs Subcommittee • Reported out of Intergovernmental Affairs Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed
2026-02-10House
• Added to Intergovernmental Affairs Subcommittee agenda
2026-02-05House
• Favorable by Housing, Agriculture & Tourism Subcommittee • Reported out of Housing, Agriculture & Tourism Subcommittee • Now in Intergovernmental Affairs Subcommittee
2026-02-03House
• Added to Housing, Agriculture & Tourism Subcommittee agenda
2026-01-15House
• Referred to Housing, Agriculture & Tourism Subcommittee • Referred to Intergovernmental Affairs Subcommittee • Referred to Transportation & Economic Development Budget Subcommittee • Referred to Commerce Committee • Now in Housing, Agriculture & Tourism Subcommittee
2026-01-13House
• 1st Reading (Original Filed Version)
2026-01-09House
• Filed
Official Summary Text
Trust Fund/Creation/Vacancy Relief and Risk Mitigation Trust Fund/Florida Housing Finance Corporation; Creates Vacancy Relief & Risk Mitigation Trust Fund within Florida Housing Finance Corporation for specified purpose; authorizes any unexpended balance at specified time to revert & be reappropriated for certain purpose; provides for future review & termination or re-creation of trust fund.
Current Bill Text
Read the full stored bill text
CS/HB 1483 2026
CODING: Words stricken are deletions; words underlined are additions.
hb1483-01-c1
Page 1 of 2
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
A bill to be entitled 1
An act relating to trust funds; creating s. 420.56, 2
F.S.; creating the Vacancy Relief and Risk Mitigation 3
Trust Fund within the Florida Housing Finance 4
Corporation for a specified purpose; authorizing any 5
unexpended balance at a specified time to revert and 6
be reappropriated for a certain purpose; providing for 7
future review and termination or re-creation of the 8
trust fund; providing a contingent effective date. 9
10
Be It Enacted by the Legislature of the State of Florida: 11
12
Section 1. Section 420.56, Florida Statutes, is created to 13
read: 14
420.56 Homes for Veterans Property Management Incentive 15
Pilot Program trust fund.— 16
(1) The Vacancy Relief and Risk Mitigation Trust Fund is 17
created within the Florida Housing Finance Corporation, to which 18
the Legislature may appropriate funds for the purpose of 19
implementing the Homes for Veterans Property Management 20
Incentive Pilot Program under s. 83.684. 21
(2) Notwithstanding s. 216.301 and pursuant to s. 216.351, 22
any balance in the trust fund at the end of the fiscal year 23
shall revert and be appropriated to the corporation for the next 24
fiscal year for carrying out the purposes of the trust fund. 25
CS/HB 1483 2026
CODING: Words stricken are deletions; words underlined are additions.
hb1483-01-c1
Page 2 of 2
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
(3) In accordance with s. 19(f)(2), Art. III of the State 26
Constitution, the Vacancy Relief and Risk Mitigation Trust Fund 27
must, unless terminated sooner, be terminated on July 1, 2030. 28
Before the scheduled termination of the Vacancy Relief and Risk 29
Mitigation Trust Fund, the trust fund must be reviewed as 30
provided in s. 215.3206(1) and (2). 31
Section 2. This act shall take effect July 1, 2026, but 32
only if HB 1481 or similar legislation is adopted in the same 33
legislative session or an extension thereof and becomes a law. 34