Florida legislation · 2026 Regular Session
Florida S1604: Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund
Status: Failed, March 13, 2026
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 the bill says
An act relating to trust funds; creating s. 420.56, F.S.; 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; providing a contingent effective date.
From the introduced text, February 20, 2026:
A bill to be entitled An act relating to trust funds; creating s. 420.56, F.S.; 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; providing a contingent effective date. Be It Enacted by the Legislature of the State of Florida: Section 1.âSection 420.56, Florida Statutes, is created to read: 420.56âVacancy Relief and Risk Mitigation Trust Fund.â (1)âThe Vacancy Relief and Risk Mitigation Trust Fund is created within the Florida Housing Finance Corporation, to which the Legislature may appropriate funds for the purpose of implementing the Homes for Veterans Property Management Incentive Pilot Program under s. 83.684. (2)âNotwithstanding s. 216.301 and pursuant to s. 216.351, any balance in the trust fund at the end of the fiscal year must revert and be appropriated to the corporation for the next fiscal year for carrying out the purposes of the trust fund. (3)âIn accordance with s. 19(f)(2), Art. III of the State Constitution, the Vacancy Relief and Risk Mitigation Trust Fund must, unless terminated sooner, be terminated on July 1, 2030. Before the scheduled termination of the Vacancy Relief and Risk Mitigation Trust Fund, …
Sponsors
- Wright, Tom (R, SD-008) · primary sponsor
Latest actions
- : Died in Messages; Companion bill(s) passed, see CS/CS/SB 1602 (Ch. 2026-125)
- : In Messages
- : CS passed; YEAS 37 NAYS 0 -SJ 610
- : Read 3rd time -SJ 610
- : Read 2nd time -SJ 610
- : Placed on Special Order Calendar, 03/05/26
- : Placed on Calendar, on 2nd reading
- : Favorable by- Appropriations; YEAS 17 NAYS 0
- : On Committee agenda-- Appropriations, 03/02/26, 12:00 pm, 110 Senate Building
- : CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development read 1st time
Votes
- Senate: S 1604 c2 (March 5, 2026): 37 yea, 0 nay, passed
- Senate: S 1604 c2 (March 2, 2026): 17 yea, 0 nay, passed
- Senate: S 1604 c1 (February 18, 2026): 14 yea, 0 nay, passed
- Senate: S 1604 Filed (January 26, 2026): 4 yea, 0 nay, passed
Subjects: Military and Veterans Affairs, Space, and Domestic Security, Appropriations, Appropriations Committee on Transportation, Tourism, and Economic Development
Common questions
- What is S1604?
- S1604 is a bill in the Florida Legislature (2026 Regular Session): Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund.
- What does S1604 do?
- In its own words: An act relating to trust funds; creating s. 420.56, F.S.; 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; providing a contingent effective date.
- What is the status of S1604?
- Failed as of March 13, 2026. Latest action: Died in Messages; Companion bill(s) passed, see CS/CS/SB 1602 (Ch. 2026-125) (March 13, 2026).
- Who sponsored S1604?
- Wright, Tom (R, SD-008).
- Where is the official record for S1604?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1604
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.