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FL S0928
Bill
AI Summary
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Extends the retirement date for Florida Forever bonds from December 31, 2040 to December 31, 2054.
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Revises the percentage distribution of Florida Forever Trust Fund proceeds among state agencies: increases Department of Environmental Protection allocation from 30% to 35.7%, increases Department of Agriculture and Consumer Services allocation from 3.5% to 30.1%, and adjusts allocations for other agencies.
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Requires a minimum annual appropriation of the lesser of 40 percent or $300 million from the Land Acquisition Trust Fund to the Florida Forever Trust Fund.
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Prohibits use of Land Acquisition Trust Fund moneys for administrative costs of the Department of Environmental Protection, Department of Agriculture and Consumer Services, Fish and Wildlife Conservation Commission, and Department of State.
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Consolidates the Stan Mayfield Working Waterfronts program funding into the Florida Communities Trust allocation (up to 2% of total allocation) instead of maintaining a separate appropriation.
Legislative Description
Land Acquisition Funding
Last Action
Died in Environment and Natural Resources, companion bill(s) passed, see CS/CS/HB 1379 (Ch. 2023-169)
5/5/2023