Florida legislation · 2026 Regular Session
Florida H1259: Trust Funds/Creation/First-time Homebuyer Assistance Program Trust Fund
Status: Failed, January 9, 2026
Establishes First-time Homebuyer Assistance Program Trust Fund; requires Department of Revenue to transfer certain funds to trust fund; requires trust fund to provide funding for certain program.
What the bill says
An act relating to the First-time Homebuyer Assistance Program Trust Fund; creating s. 420.0007, F.S.; establishing the First-time Homebuyer Assistance Program trust fund; requiring the Department of Revenue to transfer certain funds to the trust fund; requiring the trust fund to provide funding for a certain program; providing for future review and termination or re-creation of the fund; providing a contingent effective date.
From the introduced text, January 8, 2026:
An act relating to the First-time Homebuyer Assistance Program Trust Fund; creating s. 420.0007, F.S.; establishing the First-time Homebuyer Assistance Program trust fund; requiring the Department of Revenue to transfer certain funds to the trust fund; requiring the trust fund to provide funding for a certain program; providing for future review and termination or re-creation of the fund; providing a contingent effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 420.0007, Florida Statutes, is created to read: 420.0007 First-time Homebuyer Assistance Program Trust Fund.— (1) There is established in the State Treasury a separate trust fund to be named the "First-time Homebuyer Assistance Program Trust Fund." The Department of Revenue shall transfer all funds received pursuant to s. 201.0202 to the trust fund. The trust fund shall be used to provide funding for the First-22 time Homebuyer Assistance Program created in s. 420.5086. (2) In accordance with s. 19(f)(2), Art. III of the State Constitution, the First-time Homebuyer Assistance Program Trust HB 1259 2026 CODING: Words stricken are deletions; words underlined are additions. hb1259-00 Page 2 of FLORIDAHOUSEOFREPRESENTATIVES Fund shall, unless terminated sooner, be terminated on July 1, 2030. Before its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206(1) and (2). Section 2. This act shall take effect …
Sponsors
- Nixon, Angie (D, HD-013) · primary sponsor
- Nixon (D, 13) · primary sponsor
Latest actions
- : Withdrawn prior to introduction
- : Filed
Common questions
- What is H1259?
- H1259 is a bill in the Florida Legislature (2026 Regular Session): Trust Funds/Creation/First-time Homebuyer Assistance Program Trust Fund.
- What does H1259 do?
- In its own words: An act relating to the First-time Homebuyer Assistance Program Trust Fund; creating s. 420.0007, F.S.; establishing the First-time Homebuyer Assistance Program trust fund; requiring the Department of Revenue to transfer certain funds to the trust fund; requiring the trust fund to provide funding for a certain program; providing for future review and termination or re-creation of the fund; providing a contingent effective date.
- What is the status of H1259?
- Failed as of January 9, 2026. Latest action: Withdrawn prior to introduction (January 9, 2026).
- Who sponsored H1259?
- Nixon, Angie (D, HD-013), with 1 co-sponsor.
- Where is the official record for H1259?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1259
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.