FL H1387

Funds from the sale of surplus state-owned office buildings and associated nonconservation lands must be deposited into the Architects Incidental Trust Fund rather than the Internal Improvement Trust Fund

Removes the requirement that surplus state-owned buildings and lands be offered first to state universities and Florida College System institutions before other state agencies

Surplus land valuation must be based on "highest and best use," defined as the reasonable, probable, and legal use that is physically possible, financially feasible, and results in the highest value to the state

Architects Incidental Trust Fund proceeds may be used to acquire, lease, plan, design, permit, construct, or maintain state-owned office buildings and associated lands

Effective date: July 1, 2020