FL S0578

Creates the Land Acquisition Trust Fund within the Department of Agriculture and Consumer Services as a depository for funds transferred from the Department of Environmental Protection's Land Acquisition Trust Fund for purposes specified in Article X, Section 28 of the State Constitution.

Requires the Department of Agriculture and Consumer Services to maintain the integrity of transferred moneys and return any available moneys from reversions or budget reductions to the Department of Environmental Protection's fund within 15 days.

Vests title to any acquired land or related property interests in the Board of Trustees of the Internal Improvement Trust Fund, with acquisitions limited to voluntary, negotiated purchases and subject to statutory acquisition procedures.

Restricts trust fund moneys from being invested under section 17.61, instead requiring retention in the fund with interest appropriated to the General Revenue Fund.

Terminates the trust fund on July 1, 2019, unless terminated sooner, with mandatory review conducted before the scheduled termination date.