The Florida Senate

253.421  Lands proposed for exchange considered of equal value; time limit for exchange; public purpose requirement; reverter clause.--In an exchange of lands contemplated between the Board of Trustees of the Internal Improvement Trust Fund and a local government for donated state lands no longer needed for conservation purposes, lands proposed for exchange by the state and the local government shall be considered of equal value and no further consideration shall be required, provided that the donated land being offered for exchange by the state is not greater than 200 acres, and provided that the local government has been negotiating the exchange of lands with the Division of State Lands of the Department of Environmental Protection for a period of not less than 1 year. Notwithstanding the exchange and surplusing requirements of this chapter and chapter 259 and the notice requirements of chapter 270, the board of trustees shall exchange lands with a local government under these provisions no later than August 31, 2003. Lands conveyed to a local government under these provisions must be used for a public purpose. Deeds of conveyance conveyed to a local government under these provisions shall contain a reverter clause that automatically reverts title to the board of trustees if the local government fails to use the property for a public purpose.

History.--s. 15, ch. 2003-394.