SB 1604 Florida Senate · 2026 Regular Session

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund

Summary

Trust Funds/Vacancy Relief and Risk Mitigation Trust Fund; 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.

Issues: ✓ Budget & Taxes

Bill status died 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

Senate Passage

Mar 2026

House Passage

Governor

Introduced Jan 22, 2026 Last action Mar 13, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

S 1604 c1 → S 1604 c2 · 5 edits

MODERATE

The bill was updated from a first committee substitute to a second substitute, merging two previously separate trust funds into a single combined entity. The committee assignment was expanded to include the Appropriations Committee, and the bill number was updated to reflect the new version. The primary substantive change is the consolidation of the 'Vacancy Relief Trust Fund' and 'Risk Mitigation Trust Fund' into one unified fund, which simplifies the statutory language and management structure.

Scope change

The scope changed from managing two distinct trust funds to managing one combined trust fund.

FISCAL

Two separate trust funds (Vacancy Relief and Risk Mitigation) were merged into a single combined trust fund.

DEFINITION

The title of the fund was updated to reflect the consolidation of the two previous funds.

REQUIREMENT

The requirement for unexpended balances to revert to the corporation was updated to apply to the single combined trust fund rather than 'either' of the two funds.

TIMELINE

The effective date section was slightly modified to include a 'but only if' condition for the contingent effective date.

TECHNICAL

The committee assignment was expanded to include the Appropriations Committee, and the bill identifier was updated from c1 to c2.

Floor votes · Senate Mar 5, 2026

How they voted

38–0

Passed · 2 other

Total votes 40

Mar 5, 2026

D Democratic11

10 Yea 1

90% Yea

I Independent1

1 Yea

100% Yea

R Republican28

27 Yea 1

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 5, 2026

Upper · Passed

CS passed; YEAS 37 NAYS 0

upper

Mar 2, 2026

Upper · Passed

Favorable by- Appropriations; YEAS 17 NAYS 0

upper

Feb 25, 2026

Upper · Passed

On Committee agenda-- Appropriations, 03/02/26, 12:00 pm, 110 Senate Building

upper

Feb 20, 2026

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Feb 18, 2026

Upper · Passed

CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development; YEAS 14 NAYS 0

upper

Feb 13, 2026

Upper · Passed

On Committee agenda-- Appropriations Committee on Transportation, Tourism, and Economic Development, 02/18/26, 8:30 am, 110 Senate Building

upper

Jan 28, 2026

Upper · Passed

Now in Appropriations Committee on Transportation, Tourism, and Economic Development

upper

Jan 27, 2026

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Jan 22, 2026

Introduced

upper

Jan 21, 2026

Upper · Passed

On Committee agenda-- Military and Veterans Affairs, Space, and Domestic Security, 01/26/26, 3:30 pm, 301 Senate Building

upper

Jan 16, 2026

Committee

Referred to Military and Veterans Affairs, Space, and Domestic Security; Appropriations Committee on Transportation, Tourism, and Economic Development; Appropriations

upper

1 primary · 0 co-sponsors