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FL S0576
Bill
AI Summary
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Creates the Land Acquisition Trust Fund within the Agency for Persons with Disabilities to receive funds from the Department of Environmental Protection's Land Acquisition Trust Fund for purposes specified in Article X, Section 28 of the State Constitution
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Requires the Agency to maintain integrity of transferred funds and return any reversions or budget reductions to the Department of Environmental Protection's Land Acquisition Trust Fund within 15 days
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Vests title to any acquired land or property interests in the Board of Trustees of the Internal Improvement Trust Fund, with acquisition conducted through voluntary negotiated purchase including title work, surveys, and appraisals
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Prohibits trust fund moneys from being invested under general state investment provisions, instead requiring funds to remain in the trust fund with interest appropriated to the General Revenue Fund
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Schedules the trust fund for automatic termination on July 1, 2019, unless terminated sooner, with a required review under section 215.3206 prior to scheduled termination
Legislative Description
Land Acquisition Trust Fund/Agency for Persons with Disabilities
Last Action
Died in returning Messages
5/1/2015