Florida Construction Trust Fund Statute
Select Year: The 2025 Florida Statutes. Provides access to Chapter 736 of the Florida Statutes, detailing laws related to trusts and their administration. Home Construction Trust Fund States Construction Trust Fund States.
Despite Florida not having a construction trust fund statute, there are similar obligations that are applied to insurance proceeds on private projects. 489.140 Florida Homeowners' Construction Recovery Fund.-There is created the Florida Homeowners' Construction Recovery Fund as a separate account in the Professional Regulation Trust Fund. The recovery fund shall be funded pursuant to s.
468.631. Florida Statutes Title XLII, Estates and Trusts; Chapter 736, Florida Trust Code. Refreshed: 2025.
In Florida, the construction trust fund statute is outlined in Florida Statutes Section 713.345. This statute mandates that all payments received by a contractor or subcontractor under a construction contract are considered trust funds to be used solely for the payment of obligations incurred in completing the project, such as paying subcontractors, laborers, and material suppliers. The.
A comprehensive overview of construction trust fund statutes and agreements, including an analysis of trust fund theory and a partial survey of trust fund statutes across the United States. Justia U.S. Law U.S.
Codes and Statutes Florida Statutes 2025 Florida Statutes Title XLII. (2) This code does not apply to constructive or resulting trusts; conservatorships; custodial arrangements pursuant to the Florida Uniform Transfers to Minors Act; business trusts providing for certificates to be issued to beneficiaries; common trust funds; trusts created by the form of the account or by the deposit agreement at a financial.
