Bill > H1259

This bill establishes a new trust fund called the "First-time Homebuyer Assistance Program Trust Fund" within the State Treasury, which will be managed by the Department of Revenue. This fund will receive specific monies collected under another section of law (s. 201.0202) and will be used to finance the First-time Homebuyer Assistance Program, a program designed to help individuals purchase their first home. The bill also specifies that this trust fund will automatically terminate on July 1, 2030, unless it is ended sooner, and it will undergo a review process before its scheduled end date. The creation of this fund is contingent on another bill, HB 1257, or similar legislation, being passed and becoming law during the same legislative session, with the effective date set for July 1, 2026.