HB 5503 — Trust Funds/Re-creation/Emergency Preparedness and Response Fund/EOG

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 HB 550355, Engrossed 1 2026 A bill to be entitled An act relating to trust funds;

(2) The fund is established for use as a depository for state moneys specifically transferred or appropriated to the Page 1 of 34 CODING:

hb5503-00hb5503 -01-e1 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 HB 550355, Engrossed 1 2026 fund by the Legislature.

The moneys deposited in the fund are available as a primary funding source for the Governor for purposes of preparing or responding to aan natural emergency as defined in s.

252.34(8)252.34(4) disaster declared by the Governor as a state of emergency that exceeds regularly appropriated funding sources.

(a) Moneys in the fund thatmay arebe appropriatedused for a state of emergency that is a natural emergency andas thatdefined hasin been renewed pursuant to s.

252.36252.34(8). are subject to the notice, review, and objection procedures set forth in s.

If such state of emergency has been renewed pursuant to s.

252.36, the use of moneys in the fund is subject to the notice, review, and objection procedures set forth in s.

(b) Moneys in the fund may not be used tofor purchasea aircraft,state boats,of oremergency motorthat vehicles.is a manmade emergency as defined in s.

(c)252.34(7) Moneysor ina thetechnological fundemergency may not be invested as provideddefined in s.

17.61252.34(12), butsubject shallto be retained in the fundnotice, forreview, investmentand withobjection interestprocedures appropriatedset toforth the General Revenue Fund as provided in s.

216.177.

Notwithstanding s.

216.177(2)(b), either the chair or vice chair of the Legislative Budget Commission or the President of the Senate or the Speaker of the House of Representatives may timely advise, in writing, that an action or proposed action exceeds the delegated authority or is contrary to legislative policy and intent.

(c) Moneys in the fund may not be used to purchase aircraft, boats, or motor vehicles.

(d) Moneys in the fund may not be invested as provided in s.

17.61 but shall be retained in the fund for investment with Page 2 of 4 CODING:

Words stricken are deletions;

words underlined are additions.

hb5503 -01-e1 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 HB 55, Engrossed 1 2026 interest appropriated to the General Revenue Fund as provided in s.

Page(b) 2An ofupdated 3cash CODING:flow statement for that fiscal year;

Words(c) strickenAn areaccounting deletions;of all inventory and assets purchased, separated by emergency event and agency, for preparing for, responding to, or recovering from a state of emergency and the current status of such assets;

words underlined are additions.

hb5503-00 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 HB 5503 2026 (b) An updated cash flow statement for that fiscal year;

(c) An accounting of all inventory and assets purchased, separated by emergency event and agency, for preparing for, responding to, or recovering from a state of emergency that is a natural emergency and the current status of such assets;

SectionPage 3.3 of 4 CODING:

Words stricken are deletions;

words underlined are additions.

hb5503 -01-e1 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 HB 55, Engrossed 1 2026 Section 3.

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