HJR 0973 2003
   
1 House Joint Resolution
2          A joint resolution proposing an amendment to Section 4 of
3    Article X of the State Constitution to limit the exemption
4    of homestead property from liens and to authorize
5    legislation to permit the forced sale of homestead
6    property obtained by fraudulent means.
7         
8          Be It Resolved by the Legislature of the State of Florida:
9         
10          That the amendment to Section 4 of Article X of the State
11    Constitution set forth below is agreed to and shall be submitted
12    to the electors of Florida for approval or rejection at the
13    general election to be held in November 2004:
14 ARTICLE X
15 MISCELLANEOUS
16          SECTION 4. Homestead; exemptions.--
17          (a) There shall be exempt from forced sale under process
18    of any court, and no judgment, decree or execution shall be a
19    lien thereon, except for the payment of taxes and assessments
20    thereon, obligations contracted for the purchase, improvement or
21    repair thereof, or obligations contracted for house, field or
22    other labor performed on the realty, the following property
23    owned by a natural person:
24          (1) a homestead, if located outside a municipality, to the
25    extent of one hundred sixty acres of contiguous land and
26    improvements thereon, which shall not be reduced without the
27    owner's consent by reason of subsequent inclusion in a
28    municipality; or if located within a municipality, to the extent
29    of one-half acre of contiguous land, upon which the exemption
30    shall be limited to the residence of the owner or the owner's
31    family, provided that a lien may be placed on the value of the
32    equity of such property in excess of one million dollars and the
33    legislature may provide by general law that the provisions of
34    this subsection shall not apply to property obtained directly or
35    indirectly through a fraudulent transfer of assets or to
36    property purchased with unlawfully obtained assets;
37          (2) personal property to the value of one thousand
38    dollars.
39          (b) These exemptions shall inure to the surviving spouse
40    or heirs of the owner.
41          (c) The homestead shall not be subject to devise if the
42    owner is survived by spouse or minor child, except the homestead
43    may be devised to the owner's spouse if there be no minor child.
44    The owner of homestead real estate, joined by the spouse if
45    married, may alienate the homestead by mortgage, sale or gift
46    and, if married, may by deed transfer the title to an estate by
47    the entirety with the spouse. If the owner or spouse is
48    incompetent, the method of alienation or encumbrance shall be as
49    provided by law.
50          BE IT FURTHER RESOLVED that the title and substance of the
51    amendment proposed herein shall appear on the ballot as follows:
52 LIMITATION ON EXEMPTION FROM LIENS ON AND
53 FORCED SALE OF HOMESTEAD PROPERTY
54          Proposes an amendment to Section 4 of Article X of the
55    State Constitution to provide that a lien may be placed on the
56    equity of homestead property to the extent the equity exceeds $1
57    million and that the Legislature may provide by general law for
58    the forced sale of homestead property obtained fraudulently or
59    with fraudulently or unlawfully obtained assets.