FL S1518

Requires that real property acquisitions funded through capital improvement fees by district school boards and Florida College System institutions meet survey and construction requirements of chapter 1013.

Authorizes Florida College System institutions that have met less than 65 percent of their relative space needs to establish a capital improvement fee not exceeding 20 percent of tuition for 5 fiscal years, with amounts exceeding the standard 5-10 percent cap prohibited from being bonded.

Removes the $2 per credit hour annual increase limitation on community college capital improvement fees for resident students, allowing fees up to 10 percent of tuition without year-over-year caps.

Specifies that funds collected under the higher 20 percent fee cap may be spent on any project or improved real property acquisition meeting chapter 1013 requirements.

Effective July 1, 2011.