CS for SB 584 - Water and Land Conservation Constitutional Amendment Implementation

• Terminates five state trust funds (Florida Preservation 2000, Florida Communities, Ecosystem Management and Restoration, Water Management Lands, and Conservation and Recreation Lands) and transfers their remaining balances to the Florida Forever Trust Fund and Water Quality Assurance Trust Fund.

• Restructures documentary stamp tax distributions under s. 201.15 to prioritize debt service on Florida Forever bonds and Save Our Everglades bonds, requiring at least 33% of tax revenues be deposited into the Land Acquisition Trust Fund.

• Establishes the Land Acquisition Trust Fund within the Department of Environmental Protection as the designated fund under s. 28, Art. X of the State Constitution for conservation and recreation land acquisitions, with funds retained in the trust fund and not subject to general service charges.

• Transfers management of land acquisition programs from terminated trust funds to the Land Acquisition Trust Fund, with specific allocations for beach management, water management districts, and state agency land acquisitions.

• Revises fund distributions for transportation, housing, invasive plant control, and water quality programs to reflect elimination of terminated trust funds and consolidation of revenues into remaining designated funds.