Florida HB 1259: Trust Funds/Creation/First-time Homebuyer Assistance Program Trust Fund

Bill Text

HB 1259 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1259-00
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 the First-time Homebuyer Assistance 2
Program Trust Fund; creating s. 420.0007, F.S.; 3
establishing the First-time Homebuyer Assistance 4
Program trust fund; requiring the Department of 5
Revenue to transfer certain funds to the trust fund; 6
requiring the trust fund to provide funding for a 7
certain program; providing for future review and 8
termination or re-creation of the fund; providing a 9
contingent effective date. 10
11
Be It Enacted by the Legislature of the State of Florida: 12
13
Section 1. Section 420.0007, Florida Statutes, is created 14
to read: 15
420.0007 First-time Homebuyer Assistance Program Trust 16
Fund.— 17
(1) There is established in the State Treasury a separate 18
trust fund to be named the "First-time Homebuyer Assistance 19
Program Trust Fund." The Department of Revenue shall transfer 20
all funds received pursuant to s. 201.0202 to the trust fund. 21
The trust fund shall be used to provide funding for the First-22
time Homebuyer Assistance Program created in s. 420.5086. 23
(2) In accordance with s. 19(f)(2), Art. III of the State 24
Constitution, the First-time Homebuyer Assistance Program Trust 25

HB 1259 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1259-00
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

Fund shall, unless terminated sooner, be terminated on July 1, 26
2030. Before its scheduled termination, the trust fund shall be 27
reviewed as provided in s. 215.3206(1) and (2). 28
Section 2. This act shall take effect July 1, 2026 but 29
only if HB 1257 or similar legislation is adopted in the same 30
legislative session or an extension thereof and becomes a law. 31