HB 851 2025
CODING: Words stricken are deletions; words underlined are additions.
hb851-00
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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
A bill to be entitled 1
An act relating to trust funds; creating s. 215.55861, 2
F.S.; creating the My Safe Florida Home Trust Fund 3
within the Department of Financial Services; 4
specifying sources of funds and the purpose of the 5
trust fund; requiring that a certain percentage of 6
specified sales tax be distributed into the fund; 7
requiring the Department of Revenue to distribute 8
certain funds within a specified timeframe; specifying 9
that any balance shall remain in the trust fund under 10
certain circumstances; prohibiting the balance in the 11
trust fund from exceeding a certain amount; requiring 12
that any excess funds be transferred to the General 13
Revenue Fund; requiring the department to ensure 14
compliance with certain provisions and provide a 15
specified report to the Legislature at a specified 16
time annually; providing for future review and 17
termination or re-creation of the trust fund; 18
providing an effective date. 19
20
Be It Enacted by the Legislature of the State of Florida: 21
22
Section 1. Section 215.55861, Florida Statutes, is created 23
to read: 24
215.55861 My Safe Florida Home Trust Fund. — 25
HB 851 2025
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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
(1) The My Safe Florida Home Trust Fund is created within 26
the Department of Financial Services. The trust fund shall 27
consist of funds collected pursuant to subsection (2), to be 28
used exclusively for the purposes of the My Safe Florida Home 29
Program. 30
(2) Following a declaration of a state of emergency by the 31
Governor, an amount equal to 5 percent of the state sales tax 32
remitted to the Department of Revenue pursuant to 212.15(4) in 33
the 2 months following the month of landfall of a hurricane from 34
dealers within the counties named in the declaration shall be 35
distributed to the My Safe Florida Home Trust Fund. The 36
department shall distribute the funds to the My Safe Florida 37
Home Trust Fund no later than the end of the third month after 38
the month landfall took place. 39
(3) Notwithstanding s. 216.301 and pursuant to s. 216.351, 40
any balance in the trust fund at the end of any fiscal year 41
shall remain in the trust fund at the end of the year and shall 42
be available for carrying out the purpose of the trust fund. 43
(4) The balance in the trust may not exceed $300 million 44
at any time. Any funds in excess of this a mount shall be 45
transferred to the General Revenue Fund. 46
(5) The Department of Financial Services shall ensure 47
compliance with this section and provide an annual report on 48
fund balances and any transfers made pursuant to this section. 49
The report must be d elivered to the President of the Senate and 50
HB 851 2025
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hb851-00
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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
the Speaker of the House of Representatives by February 1 of 51
each year. 52
(6) In accordance with s. 19(f)(2), Art. III of the State 53
Constitution, the trust fund shall, unless terminated sooner, be 54
terminated on July 1, 2029. Before its scheduled termination, 55
the trust fund shall be reviewed as provided in s. 215.3206(1) 56
and (2). 57
Section 2. This act shall take effect July 1, 2025. 58