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FL H1319
Bill
Status
Failed
3/8/2024
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
- Creates the Institute of Food and Agricultural Sciences Renovation, Relocation, and Construction Trust Fund (s. 1004.331, F.S.) within the State University System, under the jurisdiction of the Board of Governors and administered by the Department of Education
- Authorizes the Board of Trustees of the Internal Improvement Trust Fund, at the University of Florida Board of Trustees' request, to sell, trade, exchange, or otherwise dispose of state agricultural research and education real property and improvements used by UF's Institute of Food and Agricultural Sciences
- Requires proceeds from such sales or dispositions to be deposited into the trust fund for upgrading, renovating, and repairing existing properties, or for relocating and constructing new agricultural research and education facilities
- Mandates that all sales be at fair market value and that any trade or exchange be for property of equal or greater fair market value
- Schedules the trust fund for termination on July 1, 2028, subject to legislative review, with the act taking effect July 1, 2024
Legislative Description
Trust Funds/Institute of Food and Agricultural Sciences Relocation and Reconstruction Trust Fund
Last Action
Died in Appropriations
3/8/2024
Committee Referrals
Appropriations1/29/2024
Postsecondary Education & Workforce Subcommittee1/13/2024
Full Bill Text
No bill text available