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A bill to be entitled |
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An act relating to recordkeeping concerning property owned |
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by local governments; amending s. 274.02, F.S.; revising a |
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definition to increase the monetary value of fixtures and |
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tangible personal property that must be included in an |
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inventory of property; providing an effective date. |
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Be It Enacted by the Legislature of the State of Florida: |
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Section 1. Subsection (1) of section 274.02, Florida |
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Statutes, is amended to read: |
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274.02 Record and inventory of certain property.-- |
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(1) The word "property" as used in this section means |
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fixtures and other tangible personal property of a nonconsumable |
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nature the value of which is $1,000$750or more and the normal |
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expected life of which is 1 year or more. |
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Section 2. This act shall take effect July 1, 2003. |