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| 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. | ||