The bill establishes two new trust funds, the Vacancy Relief Trust Fund and the Risk Mitigation Trust Fund, within the Florida Housing Finance Corporation. These funds are intended to support the implementation of the Homes for Veterans Property Management Incentive Pilot Program. The bill specifies that any unexpended balance in these trust funds at the end of the fiscal year will revert and be reappropriated for the following fiscal year to continue funding the program.

Additionally, the bill outlines that both trust funds will be subject to review and must be terminated by July 1, 2030, unless they are terminated sooner. A review process is mandated before their scheduled termination to assess their effectiveness. The act is set to take effect on July 1, 2026, contingent upon the passage of related legislation.