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SB1604 • 2026

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund

Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Wright
Last action
2026-03-13
Official status
House - Died in Messages
Effective date
July 1, 20

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund; Creating the Vacancy Relief and Risk Mitigation Trust Fund within the Florida Housing Finance Corporation for a specified purpose; authorizing any unexpended balance at a specified time to revert and be reappropriated for a certain purpose; providing for future review and termination or re-creation of the trust fund, etc.

What This Bill Does

  • Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund; Creating the Vacancy Relief and Risk Mitigation Trust Fund within the Florida Housing Finance Corporation for a specified purpose; authorizing any unexpended balance at a specified time to revert and be reappropriated for a certain purpose; providing for future review and termination or re-creation of the trust fund, etc.

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.

148410

Committee amendment S 1604 Filed • Military and Veterans Affairs, Space, and Domestic Security (Wright)

Replaced by Committee Substitute 1/26/2026

Plain English: Florida Senate - 2026 COMMITTEE AMENDMENT Bill No.

  • Florida Senate - 2026 COMMITTEE AMENDMENT Bill No.
  • SB 1604 Ì148410rÎ148410 LEGISLATIVE ACTION Senate .
  • House Comm: RCS .
  • 01/26/2026 .
126594

Committee amendment S 1604 c1 • Appropriations Committee on Transportation, Tourism, and Economic Development (Wright)

Replaced by Committee Substitute 2/20/2026

Plain English: Florida Senate - 2026 COMMITTEE AMENDMENT Bill No.

  • Florida Senate - 2026 COMMITTEE AMENDMENT Bill No.
  • CS for SB 1604 Ì126594EÎ126594 LEGISLATIVE ACTION Senate .
  • House Comm: RCS .
  • 02/20/2026 .

Bill History

  1. 2026-03-13 House

    • Died in Messages

  2. 2026-03-05 Senate

    • Read 2nd time -SJ 610 • Read 3rd time -SJ 610 • CS passed; YEAS 37 NAYS 0 -SJ 610

  3. 2026-03-05 House

    • In Messages

  4. 2026-03-03 Senate

    • Placed on Calendar, on 2nd reading • Placed on Special Order Calendar, 03/05/26

  5. 2026-03-02 Senate

    • Favorable by- Appropriations; YEAS 17 NAYS 0

  6. 2026-02-25 Senate

    • On Committee agenda-- Appropriations, 03/02/26, 12:00 pm, 110 Senate Building

  7. 2026-02-24 Senate

    • CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development read 1st time

  8. 2026-02-23 Senate

    • Now in Appropriations

  9. 2026-02-20 Senate

    • Pending reference review under Rule 4.7(2) - (Committee Substitute)

  10. 2026-02-18 Senate

    • CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development; YEAS 14 NAYS 0

  11. 2026-02-13 Senate

    • On Committee agenda-- Appropriations Committee on Transportation, Tourism, and Economic Development, 02/18/26, 8:30 am, 110 Senate Building

  12. 2026-01-29 Senate

    • CS by Military and Veterans Affairs, Space, and Domestic Security read 1st time

  13. 2026-01-28 Senate

    • Now in Appropriations Committee on Transportation, Tourism, and Economic Development

  14. 2026-01-27 Senate

    • Pending reference review under Rule 4.7(2) - (Committee Substitute)

  15. 2026-01-26 Senate

    • CS by Military and Veterans Affairs, Space, and Domestic Security; YEAS 4 NAYS 0

  16. 2026-01-22 Senate

    • Introduced

  17. 2026-01-21 Senate

    • On Committee agenda-- Military and Veterans Affairs, Space, and Domestic Security, 01/26/26, 3:30 pm, 301 Senate Building

  18. 2026-01-16 Senate

    • Referred to Military and Veterans Affairs, Space, and Domestic Security; Appropriations Committee on Transportation, Tourism, and Economic Development; Appropriations

  19. 2026-01-09 Senate

    • Filed

Official Summary Text

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund; Creating the Vacancy Relief and Risk Mitigation Trust Fund within the Florida Housing Finance Corporation for a specified purpose; authorizing any unexpended balance at a specified time to revert and be reappropriated for a certain purpose; providing for future review and termination or re-creation of the trust fund, etc.

Current Bill Text

Read the full stored bill text 
Florida Senate
-
2026

CS for CS for SB 1604

By
the Appropriations Committee on Transportation, Tourism, and
Economic Development; the Committee on Military and Veterans
Affairs, Space, and Domestic Security; and Senator Wright

606-03022-26 20261604c2
1 A bill to be entitled
2 An act relating to trust funds; creating s. 420.56,
3 F.S.; creating the Vacancy Relief and Risk Mitigation
4 Trust Fund within the Florida Housing Finance
5 Corporation for a specified purpose; authorizing any
6 unexpended balance at a specified time to revert and
7 be reappropriated for a certain purpose; providing for
8 future review and termination or re-creation of the
9 trust fund; providing a contingent effective date.
10
11 Be It Enacted by the Legislature of the State of Florida:
12
13 Section 1. Section 420.56, Florida Statutes, is created to
14 read:
15
420.56

Vacancy Relief and Risk Mitigation 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 must

23
revert and be appropriated to the corporation for the next

24
fiscal year for carrying out the purposes of the trust fund.

25
(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 SB 1602 or similar legislation is adopted in the same
33 legislative session or an extension thereof and becomes a law.