Florida HB 5401: Documentary Stamp Tax Distributions

Bill Text

ENROLLED
HB 5401 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb5401 -00-er
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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

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An act relating to trust funds of the State Courts 2
System; terminating the Mediation and Arbitration 3
Trust Fund; providing for the disposition of balances 4
in and revenues of the trust fund; prescribing 5
procedures for the termination of the trust fund; 6
providing an effective date. 7
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Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. (1) The Mediation and Arbitration Trust Fund 11
within the State Courts System, FLAIR number 22-2-213, is 12
terminated. 13
(2) All current balances remaining in, and all revenues 14
of, the trust fund shall be transferred to the State Courts 15
Revenue Trust Fund. 16
(3) The State Courts Revenue Trust Fund shall be used to 17
pay any outstanding debts or obligations of the terminated fund 18
as soon as practicable, and the Chief Financial Officer shall 19
close out and remove the trust fund from the various state 20
accounting and financial systems, using generally accepted 21
accounting principles concerning assets, liabilities, and 22
warrants outstanding. 23
Section 2. This act shall take effect July 1, 2026. 24