FL S0586

Restructures the distribution of documentary stamp tax revenues by establishing that a minimum of 33 percent must be deposited in the Land Acquisition Trust Fund, with any amounts above bond debt service requirements going into this fund first.

Exempts distributions to the Land Acquisition Trust Fund from the service charge imposed under s. 215.20(1), reducing administrative costs on conservation funding.

Repeals provisions related to the Preservation 2000 Trust Fund, beach erosion control project staffing, and state beach management plan funding, consolidating programs under Florida Forever bonds.

Modifies State Transportation Trust Fund allocations by reducing the percentage from 38.2 percent to 24.18442 percent of remaining taxes (capped at $541.75 million annually) and adjusts allocations among New Starts Transit, Small County Outreach, Strategic Intermodal System, and Transportation Regional Incentive programs.

Requires public recreation projects funded under the Florida Recreation Development Assistance Program to be selected through the Department of Environmental Protection's competitive selection process before funds can be released.