HB 7111 (2013) -  Funding from the National Mortgage Settlement

General Bill by Appropriations Committee and Hooper
Funding from the National Mortgage Settlement: Provides appropriation from General Revenue Fund to Florida Housing Finance Corporation to fund housing down payment assistance loans; provides distribution requirements; provides requirements for loan recipients; provides for loan forgiveness under certain conditions; provides appropriation from General Revenue Fund to Florida Housing Finance Corporation, Florida Prepaid Tuition Scholarship Program, state courts system, clerks of court, DCF, for certain purposes; provides appropriation from General Revenue Fund DEO to provide grant to Habitat for Humanity of Florida for certain purposes; provides requirements for Habitat for Humanity of Florida; provides financial audit reporting requirements; requires certain funds to be repaid by Habitat for Humanity of Florida to DFS for deposit in State Housing Trust Fund; authorizes Office of Attorney General to establish, coordinate, & promote advertising campaign for certain purposes; provides appropriation to Office of Attorney General for certain purposes; provides that certain funds appropriated in this act are not subject to reversion until specified date; provides contingent effective date.
Companion Bill passed SB 1852 Funding from the National Mortgage Settlement By Appropriations
Effective Date: upon the deposit of $200,080,474 into the General Revenue Fund from the escrow account created as a result of the consent judgment entered into by the Attorney General on April 4, 2012, in the case of United States of America, et al. v. Bank of America Corp., et al., No. 12-0361-RMC, in the United States District Court for the District of Columbia
Last Event: Companion bill(s) passed, see SB 1852 (Ch. 2013-106) on Monday, April 29, 2013 12:43 PM; HB Laid on Table

PCB committee actions:

  • PCB APC 13-01 recommended by:
    Appropriations Committee

Related Bills

Bill # Subject Relationship
Bill #: SB 1852 Subject: Funding from the National Mortgage Settlement Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 8/6/2013 3:32:30 PM
Chamber: House Committee: Final Bill Analysis 5/15/2013 2:56:46 PM
Chamber: House Committee: Appropriations Committee 3/21/2013 4:16:47 PM
Chamber: House Committee: Appropriations Committee 3/18/2013 4:20:29 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see SB 1852 (Ch. 2013-106) Time: 04/29/2013 - 12:43 PM Member: Committee: Version: __
Event: H Substituted SB 1852 Time: 04/29/2013 - 12:43 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (4/29/2013) Time: 04/26/2013 - 7:26 PM Member: Committee: Version: __
Event: H 1st Reading Time: 03/21/2013 - 9:53 PM Member: Committee: Version: __
Event: H Filed Time: 03/21/2013 - 4:24 PM Member: Committee: Appropriations Committee Version: __