Establishes the First-time Homebuyer Assistance Program Trust Fund in Florida to support the First-time Homebuyer Assistance Program.
The bill creates a separate trust fund in the Florida State Treasury called the First-time Homebuyer Assistance Program Trust Fund. This fund will receive transfers from the Department of Revenue and will be used to provide funding for the First-time Homebuyer Assistance Program. The fund is set to terminate on July 1, 2030, unless it is reviewed and potentially re-created before that date. The bill's effective date is contingent on the adoption of related legislation.
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