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FL S1476
Bill
AI Summary
- Creates the Institute of Food and Agricultural Sciences (IFAS) Renovation, Relocation, and Construction Trust Fund within the State University System, effective July 1, 2024
- Authorizes the Board of Trustees of the Internal Improvement Trust Fund to sell, trade, exchange, or otherwise dispose of state agricultural research and education real property leased to the University of Florida Board of Trustees and used by IFAS
- Requires all proceeds from such sales or dispositions to be deposited into the new trust fund for use by the University of Florida Board of Trustees to upgrade, renovate, repair, relocate, or construct agricultural research and education facilities
- Mandates that any sale be at fair market value and any trade or exchange be for property with a fair market value equal to or greater than the property being traded or exchanged
- Schedules the trust fund for termination on July 1, 2028, unless re-created, with a required review under s. 215.3206(1) and (2) before that date per the State Constitution
Legislative Description
Trust Funds/Institute of Food and Agricultural Sciences Renovation, Relocation, and Construction Trust Fund/State University System
Last Action
Died in Appropriations Committee on Education
3/8/2024
Committee Referrals
Appropriations Subcommittee on Education1/23/2024
Full Bill Text
No bill text available