FL H1173

Changes the legislative intent for Florida Forever bonds retirement date from December 31, 2054 to December 31, 2040, accelerating the timeline by 14 years.

Amends section 201.15 of Florida Statutes regarding distribution of taxes collected under the chapter and pledging of revenues to bond payments.

Maintains the $300 million annual cap on amounts from the Land Acquisition Trust Fund used for debt service on Florida Forever bonds issued under section 215.618.

Preserves the requirement that new bond series (except refunding bonds) must be specifically approved and appropriated in the General Appropriations Act or other law.

Takes effect July 1, 2021.