HB 1347

1	A bill to be entitled
2	An act relating to land management; creating s. 259.1053,
3	F.S.; creating the Babcock Ranch Preserve Act; providing
4	purposes for which the preserve is established; providing
5	definitions; creating Babcock Ranch, Inc., a not-for-
6	profit corporation incorporated in the state; providing
7	that the corporation is subject to the provisions of chs.
8	119 and 286, F.S., requiring public records and meetings;
9	providing for the corporation to be governed by the
10	Babcock Trustees; providing for the appointment of
11	trustees and terms of office; prohibiting a trustee from
12	voting on any measure that constitutes a conflict of
13	interest; providing for the trustees to serve without
14	compensation but to receive per diem and travel expenses;
15	requiring that each trustee obtain a surety bond of a
16	specified amount; authorizing the trustees to appoint
17	officers and hire employees; authorizing state agencies to
18	provide state employees for purposes of administering the
19	Babcock Ranch Preserve; providing certain powers and
20	duties of the trustees; providing for the corporation to
21	establish and manage an operating fund; requiring an
22	annual financial audit of the accounts and records of the
23	corporation; requiring annual reports by the corporation
24	to the Board of Trustees of the Internal Improvement Trust
25	Fund, the Legislature, the Department of Agriculture and
26	Consumer Services, and the Fish and Wildlife Conservation
27	Commission; requiring that the corporation prepare an
28	annual budget; specifying a goal of self-sustaining
29	operation within a certain period; providing for the
30	corporation to retain donations and other moneys;
31	authorizing the corporation to sue and be subject to suit;
32	requiring that the corporation adopt articles of
33	incorporation and bylaws; requiring insurance; providing
34	for the exclusive use of a certain title; authorizing the
35	corporation to appoint advisory committees; providing
36	requirements for a comprehensive management plan;
37	specifying the procedures by which the corporation shall
38	assume management authority of the Babcock Ranch Preserve;
39	prohibiting the corporation from taking certain actions
40	without the consent of the Board of Trustees of the
41	Internal Improvement Trust Fund; requiring that the
42	corporation be subject to certain state laws and rules
43	governing the procurement of commodities and services;
44	authorizing the corporation to assess fees; providing for
45	reversion of the management responsibilities to certain
46	agencies upon the dissolution of the corporation;
47	providing for management of the Babcock Ranch Preserve
48	until expiration of a current management agreement;
49	providing an effective date.
50
51	Be It Enacted by the Legislature of the State of Florida:
52
53	Section 1.  Section 259.1053, Florida Statutes, is created
54	to read:
55	259.1053  Babcock Ranch Preserve; Babcock Ranch, Inc.;
56	creation; membership; organization; duties.--
57	(1)  This section may be cited as the "Babcock Ranch
58	Preserve Act."
59	(2)(a)  The Babcock Ranch comprises the largest private
60	undeveloped single-ownership tract of land in Charlotte County
61	and contains historical evidence in the form of old logging
62	camps and other artifacts that indicate the importance of this
63	land for domesticated livestock production, timber supply, and
64	other bonafide agricultural uses.
65	(b)  The careful husbandry of the Babcock Ranch, including
66	selective timbering, limited grazing and hunting, and the use of
67	prescribed burning, has preserved a mix of healthy range and
68	timberland having significant species diversity and providing a
69	model for sustainable land development and use.
70	(c)  The Babcock Ranch must be protected for current and
71	future generations by continued operation as a working ranch
72	under a unique management regime that protects the land and
73	resource values of the property and the surrounding ecosystem
74	while allowing and providing for the ranch to become financially
75	self-sustaining. It is in the public's best interest that the
76	management regime for the Babcock Ranch include the development
77	of an operational program for appropriate preservation and
78	development of the ranch's land and resources. This management
79	regime will best be provided through the creation of a nonprofit
80	public-private entity that is capable of developing and
81	implementing creative methods of public land management that
82	will prove to be cost-effective and environmentally sensitive.
83	(3)  As used in this section, the term:
84	(a)  "Babcock Ranch Preserve" and "preserve" mean the lands
85	and facilities acquired in the Babcock Ranch Florida Forever
86	Acquisition.
87	(b)  "Babcock Ranch, Inc.," and "corporation" mean the not-
88	for-profit corporation authorized and created under this section
89	to operate and manage the Babcock Ranch Preserve.
90	(c)  "Babcock Trustees" and "trustees" mean the governing
91	board of the not-for-profit corporation created under this
92	section.
93	(d)  "Commission" means the Fish and Wildlife Conservation
94	Commission.
95	(e)  "Commissioner" means the Commissioner of Agriculture.
96	(f)  "Department" means the Department of Agriculture and
97	Consumer Services.
98	(g)  "Executive director" means the executive director of
99	the Fish and Wildlife Conservation Commission.
100	(h)  "Financially self-sustaining" means management and
101	operation expenditures that are equal to or less than the
102	revenues derived from fees and other receipts for resource use
103	and development, interest, and invested funds.
104	(i)  "Management and operating expenditures" means expenses
105	of the Babcock Trustees, salaries and benefits of staff,
106	administrative and operating expenses, improvements to and
107	maintenance of lands and facilities of the Babcock Ranch
108	Preserve, and other similar expenses. Funds directly
109	appropriated by the Legislature to Babcock Ranch, Inc., and
110	funds appropriated by the Legislature to the Babcock Ranch,
111	Inc., through the Fish and Wildlife Conservation Commission or
112	the Department of Agriculture and Consumer Services are not
113	management and operating expenditures.
114	(j)  "Multiple use" means the management of all of the
115	renewable surface resources of the Babcock Ranch Preserve to
116	best meet the needs of the public, including the use of the land
117	for some or all of the renewable surface resources or related
118	services over areas large enough to allow for periodic
119	adjustments in use to conform to the changing needs and
120	conditions of the preserve while recognizing that some of the
121	land will be used for less than all of the renewable surface
122	resources available on that land. The goal of multiple use is
123	the harmonious and coordinated management of the renewable
124	surface resources, each with the other, without impairing the
125	productivity of the land and considering the relative value of
126	the renewable surface resources, and not necessarily the
127	combination of uses providing the greatest monetary return or
128	the greatest unit output.
129	(k)  "Sustained yield of the renewable surface resources"
130	means the achievement and maintenance of a high-level annual or
131	regular periodic output of the various renewable surface
132	resources of the Babcock Ranch Preserve without impairing the
133	productivity of the land.
134	(4)(a)  Upon the date of acquisition of the Babcock Ranch,
135	there is established the Babcock Ranch Preserve, which shall be
136	managed in accordance with the purposes and requirements of this
137	section.
138	(b)  The preserve is established to protect and preserve
139	the environmental, agricultural, scientific, scenic, geologic,
140	watershed, fish, wildlife, historic, cultural, and recreational
141	values of the preserve and to provide for the multiple use and
142	sustained yield of the renewable surface resources within the
143	preserve consistent with this section.
144	(c)  Except for the powers of the commissioner as
145	enumerated in this section and the powers of the commission as
146	enumerated in s. 9, Art. IV of the State Constitution, the
147	preserve shall be managed by the Babcock Ranch, Inc.
148	(d)  This section does not preclude Babcock Ranch, Inc.,
149	before assuming management of the preserve and thereafter, from
150	allowing the use of common varieties of mineral materials such
151	as sand, stone, and gravel as necessary for construction and
152	maintenance of roads and facilities within the preserve.
153	(e)  This section does not affect the constitutional
154	responsibilities of the commission with respect to fish and
155	wildlife, including the regulation of hunting, fishing, and
156	trapping within the preserve.
157	(f)  This section does not preclude the maintenance and use
158	of roads and trails or the relocation of roads in existence on
159	the effective date of this act, or the construction,
160	maintenance, and use of new trails, or any motorized access
161	necessary for the administration of the land contained within
162	the Babcock Ranch Preserve, including motorized access necessary
163	for emergencies involving the health or safety of persons within
164	the preserve.
165	(5)(a)  The Legislature finds that the public interest of
166	this state will be served by the creation of a not-for-profit
167	corporation the primary mission of which is the management and
168	operation of the Babcock Ranch Preserve. The purpose of the
169	corporation is to provide management and administrative services
170	for the preserve, to establish and implement management policies
171	that will best achieve the purposes and requirements of this
172	section, to cooperate with state agencies to further the
173	purposes for which the preserve was created, and to establish
174	the administrative and accounting procedures for the operation
175	of the corporation.
176	(b)  There is created a not-for-profit corporation, to be
177	designated as "Babcock Ranch, Inc.," which shall be registered,
178	incorporated, organized, and operated in this state and in
179	compliance with chapter 617, and which shall not be a unit or
180	entity of state government. The Legislature determines, however,
181	that public policy dictates that the corporation operate in a
182	manner that is consistent with its public purpose and
183	specifically declares that the corporation and its governing
184	board and advisory committees or similar groups created by the
185	corporation, including any not-for-profit subsidiaries, are
186	subject to the provisions of chapter 119, relating to public
187	records, and those provisions of chapter 286 relating to public
188	meetings and records for any meetings of the corporation. The
189	corporation may be dissolved only by an act of the Legislature.
190	(c)  The corporation shall be governed by the Babcock
191	Trustees, a nine-member governing board, whose members shall be
192	appointed to staggered terms by the Board of Trustees of the
193	Internal Improvement Trust Fund; the executive director of the
194	commission; the Babcock Florida Company, a corporation
195	registered to do business in the state, or it successors or
196	assigns; the President of the Senate; and the Speaker of the
197	House of Representatives, in the following manner:
198	1.  The Board of Trustees of the Internal Improvement Trust
199	Fund shall appoint five voting members, at least one of whom
200	must be a resident of Charlotte County and at least one of whom
201	must be a resident of Lee County. An appointee may not be an
202	employee of any governmental entity. One appointee must have
203	expertise in aspects of domesticated livestock management,
204	production, and marketing, including range management and
205	livestock business management. One appointee must have expertise
206	in the management of game and nongame wildlife and fish
207	populations, including hunting, fishing, and other recreational
208	activities. One appointee must have expertise in the sustainable
209	management of forest lands for commodity purposes. One appointee
210	must have expertise in financial management, budget and program
211	analysis, and small business operations. One appointee must be
212	active in a not-for-profit conservation organization concerned
213	with the activities of the ranch.
214	2.  The executive director shall appoint one voting member
215	who has expertise in hunting, fishing, nongame species
216	management or wildlife habitat management, restoration, and
217	conservation.
218	3.  The Babcock Florida Company, or its successors or
219	assigns, shall appoint one voting member who has expertise in
220	the activities and management of the Babcock Ranch as of the
221	date of acquisition by the state.
222	4.  The President of the Senate and the Speaker of the
223	House of Representatives shall each appoint one voting member,
224	who shall be a member of the public having expertise in any area
225	of ranch operations.
226	(d)  A trustee may not be an officer, a director, or a
227	shareholder in any entity that contracts with or receives funds
228	from the corporation or its subsidiaries.
229	(e)  A trustee may not vote in an official capacity upon
230	any measure that would inure to his or her special private gain
231	or loss; that he or she knows would inure to the special private
232	gain or loss of any principal by whom he or she is retained or
233	to the parent organization or subsidiary of a principal by which
234	he or she is retained; or that he or she knows would inure to
235	the special private gain or loss of a relative or business
236	associate of the trustee. Such trustee shall, before the vote is
237	taken, publicly state the nature of the trustee's interest in
238	the matter from which he or she is abstaining from voting and,
239	no later than 15 days after the vote occurs, disclose the nature
240	of his or her interest as a public record in a memorandum filed
241	with the person responsible for recording the minutes of the
242	meeting, who shall incorporate the memorandum in the minutes.
243	(f)  The Board of Trustees of the Internal Improvement
244	Trust Fund and the executive director shall make the initial
245	appointments of the Babcock Trustees no later than 90 days after
246	the initial acquisition of the Babcock Ranch by the state. Four
247	trustees initially appointed by the Board of Trustees of the
248	Internal Improvement Trust Fund shall each be appointed to a 4-
249	year term. The remaining initial appointees shall each be
250	appointed to a 2-year term.
251	(g)  Each trustee appointed after the initial appointments
252	made by the Board of Trustees of the Internal Improvement Trust
253	Fund and the executive director shall be appointed to a 4-year
254	term. Any vacancy among the trustees shall be filled in the same
255	manner as the original appointment, and any trustee appointed to
256	fill a vacancy shall be appointed for the remainder of that
257	term. However, a trustee may not serve more than 8 years in
258	consecutive terms.
259	(h)  A member of the Babcock Trustees may be removed for
260	cause by the official who appointed that member. Absence from
261	three consecutive meetings results in automatic removal.
262	(i)  A majority of the trustees constitutes a quorum for
263	the purpose of conducting business, and the governing board may
264	take official action by a majority vote of the members present
265	at any meeting at which a quorum is present.
266	(j)  The trustees shall serve without compensation, but are
267	entitled to receive from funds of the corporation reimbursement
268	for per diem and travel expenses as provided by s. 112.061.
269	(k)  There shall be no liability on the part of, and no
270	cause of action shall arise against, any member of the Babcock
271	Trustees, or the employees or agents of the corporation, for any
272	action taken in the performance of powers and duties under this
273	section.
274	(l)  Each trustee, no later than 30 days after accepting an
275	appointment, must give the Board of Trustees of the Internal
276	Improvement Trust Fund a good and sufficient surety bond in the
277	sum of $5,000, the cost thereof being borne by the corporation,
278	conditioned on the trustee's faithful performance of his or her
279	duties as a member of the governing board of Babcock Ranch, Inc.
280	(m)  The trustees shall elect a chair from among their
281	membership, and may appoint and fix the compensation and duties
282	of an executive director of the corporation and such other
283	officers and employees as the trustees consider necessary.
284	Except as provided in this section, officers and employees of
285	the corporation are not employees of the state but are private
286	employees. At the request of the trustees, the state may provide
287	state employees for the purpose of implementing this section.
288	Any state employee provided to assist the trustees of the
289	corporation in implementing the requirements of this section for
290	more than 30 days shall be provided on a reimbursable basis.
291	(n)  The trustees shall meet, at the call of the chair, at
292	least three times per year in Charlotte County or Lee County in
293	sessions that are open to the public.
294	(o)  Except for the constitutional powers of the commission
295	as provided in s. 9, Art. IV of the State Constitution, the
296	trustees of the corporation have all necessary and proper powers
297	for the exercise of the authorities vested in the corporation,
298	including, but not limited to, the power to solicit and accept
299	donations of funds, property, supplies, or services from
300	individuals, foundations, corporations, and other public or
301	private entities for the purposes of this section. All funds
302	received by the corporation shall be deposited into the
303	operating fund authorized under this section unless otherwise
304	directed by the Legislature.
305	(p)  The trustees may, with the written approval of the
306	commission and in consultation with the department, designate
307	hunting, fishing, and trapping zones and establish additional
308	periods when hunting, fishing, or trapping are not permitted for
309	reasons of public safety, administration, and the protection and
310	enhancement of nongame habitat and nongame species, as defined
311	in s. 372.001.
312	(6)(a)  The corporation may establish and manage an
313	operating fund for the purposes of addressing the corporation's
314	unique cash-flow needs and facilitating the fiscal management of
315	the corporation. The corporation may accumulate and maintain in
316	the operating fund at any time a cash balance reserve that is
317	equal to not more than 25 percent of its annual operating
318	expenses. Upon dissolution of the corporation, any remaining
319	cash balances of funds shall revert to the General Revenue Fund,
320	or such other state funds consistent with any appropriated
321	funding, as provided by law.
322	(b)  The corporation shall provide for an annual financial
323	audit of its accounts and records to be conducted by an
324	independent certified public accountant in accordance with rules
325	adopted by the Auditor General under s. 11.45. The audit report
326	shall be submitted no later than 9 months after the end of the
327	fiscal year to the Auditor General, the President of the Senate,
328	the Speaker of the House of Representatives, and the appropriate
329	substantive and fiscal committees of the Legislature. The
330	Auditor General, the Office of Program Policy Analysis and
331	Government Accountability, and the substantive or fiscal
332	committees of the Legislature to which legislation affecting the
333	Babcock Ranch Preserve may be referred may require and receive
334	from the corporation or from the independent auditor any records
335	relative to the operation of the corporation.
336	(c)  By January 15 of each year, the corporation shall
337	submit to the Board of Trustees of the Internal Improvement
338	Trust Fund, the President of the Senate, the Speaker of the
339	House of Representatives, the department, and the commission a
340	comprehensive and detailed report of its operations, activities,
341	and accomplishments for the prior year, including information
342	concerning the status of ecological, cultural, and financial
343	resources being managed by the corporation, and benefits
344	provided by the preserve to local communities. The report must
345	also include a section describing the corporation's goals for
346	the current year.
347	(d)  The corporation shall prepare an annual budget with
348	the goal of achieving a financially self-sustaining operation
349	within 15 full fiscal years after management of the preserve
350	begins. The department shall provide necessary assistance,
351	including details as necessary, to the corporation for the
352	timely formulation and submission of an annual budget request
353	for appropriations, if any, to support the administration,
354	operation, and maintenance of the preserve. Any request for
355	appropriations shall be submitted to the department and shall be
356	included in the agency budget request as a line item
357	appropriation. Requests for appropriations shall be submitted to
358	the agency in time to allow the agency to meet the requirements
359	of s. 216.023. The department may not deny a request or refuse
360	to include in its annual legislative budget submission a request
361	for appropriations from the corporation.
362	(e)  Notwithstanding any other provision of law, all moneys
363	received from donations or from the management of the preserve
364	shall be retained by the corporation in the operating fund and
365	shall be available, without further appropriation, for the
366	administration, preservation, restoration, operation and
367	maintenance, improvements, repairs, and related expenses
368	incurred with respect to properties being managed by the
369	corporation. Except for the reversion of funds appropriated to
370	the corporation or as otherwise provided by the Legislature,
371	moneys received by the corporation from the management of the
372	preserve are not subject to distribution to the state. Upon
373	assuming management responsibilities for the preserve, the
374	corporation shall optimize the generation of income based on
375	existing marketing conditions to the extent that activities do
376	not unreasonably diminish the long-term environmental,
377	agricultural, scenic, and natural values of the preserve, or the
378	multiple-use and sustained-yield capability of the land.
379	(f)  The corporation may sue and be sued in its own name.
380	For purposes of such suits, the residence of the corporation
381	shall be the state. The corporation shall be represented by the
382	Attorney General in any litigation arising out of activities of
383	the corporation, except that the corporation may retain private
384	attorneys to provide advice and counsel.
385	(g)  The corporation shall adopt articles of incorporation
386	and bylaws necessary to govern its activities.
387	(h)  All parties in contract with the corporation and all
388	holders of leases from the corporation that are authorized to
389	occupy, use, or develop properties under the management
390	jurisdiction of the corporation must procure insurance of an
391	amount as is reasonable or customary to insure against any loss
392	in connection with such properties or with activities authorized
393	in such leases or contracts.
394	(i)  The corporation has the sole and exclusive right to
395	use the words "Babcock Ranch, Inc.," and any seal, emblem, or
396	other insignia adopted by the trustees. Without the express
397	written authority of the corporation, a person may not use the
398	words "Babcock Ranch, Inc.," as the name under which that person
399	does or purports to do business or for the purpose of trade or
400	advertisement, and may not, in any manner, suggest any
401	connection with the corporation.
402	(j)  The corporation may from time to time appoint advisory
403	committees to further any part of the provisions of this
404	section. The membership of an advisory committee shall be
405	reflective of the expertise necessary for the particular
406	function for which the committee was created and may include
407	public agencies, private entities, and not-for-profit
408	conservation and agricultural representatives.
409	(7)(a)  A comprehensive management plan for the management
410	of the preserve and amendments to a comprehensive management
411	plan may be developed only with input from the department and
412	the commission and may be implemented only by the corporation
413	upon expiration of the management agreement executed by Babcock
414	Ranch Management LLC, a limited liability company incorporated
415	in the state, the Board of Trustees of the Internal Improvement
416	Trust Fund, the Fish and Wildlife Conservation Commission, the
417	Department of Agriculture and Consumer Services, and Lee County.
418	Any final decision of the trustees to adopt or amend a
419	comprehensive management plan or to approve any activity related
420	to the management of the land or renewable surface resources of
421	the preserve shall be made in sessions that are open to the
422	public. The trustees shall establish procedures for providing
423	adequate public information and opportunities for public comment
424	on proposed comprehensive management plans for the preserve or
425	for amendments to any comprehensive management plan adopted by
426	the trustees.
427	(b)  Not less than 2 years before the corporation assumes
428	management responsibilities for the preserve, the corporation,
429	with input from the commission and the department, must begin
430	developing a comprehensive management plan for the management of
431	land, renewable surface resources, and facilities within the
432	preserve to carry out the purposes of this section. To the
433	extent consistent with such purposes, the comprehensive
434	management plan must provide for:
435	1.  The operation of the preserve as a working ranch;
436	2.  The protection and preservation of the environmental,
437	agricultural, scientific, scenic, geologic, watershed, fish,
438	wildlife, historic, cultural, and recreational values of the
439	preserve;
440	3.  The promotion of high-quality hunting experiences for
441	the public, with emphasis on deer, turkey, and other game
442	species;
443	4.  Multiple use and sustained yield of renewable surface
444	resources within the preserve;
445	5.  Public use of and access to the preserve for
446	recreation; and
447	6.  Renewable resource use and management alternatives
448	that, to the extent practicable, benefit local communities and
449	small businesses and enhance the coordination of management
450	objectives with those on surrounding public or private lands.
451	Use of renewable resources and management alternatives should
452	provide cost savings to the corporation through the exchange of
453	services, including, but not limited to, labor and maintenance
454	of facilities, for resources or services provided to the
455	corporation.
456	(c)  The corporation shall assume all authority provided by
457	this section to manage the preserve upon a determination by the
458	Board of Trustees of the Internal Improvement Trust Fund which,
459	to the maximum extent practicable, shall be made no later than
460	60 days before the termination of the management agreement
461	specified in paragraph (a), that the corporation is able to
462	conduct business and that provision has been made for essential
463	management services on the preserve.
464	(d)  Upon assuming management of the preserve, and with
465	input from the commission and the department, the corporation
466	shall manage the land and resources of the preserve and the use
467	thereof, including, but not limited to, such activities as
468	administration and operation of the preserve; preservation and
469	development of the land and renewable surface resources of the
470	preserve; interpretation of the preserve and its history on
471	behalf of the public; management, public use, and occupancy of
472	facilities and lands within the preserve; and maintenance,
473	rehabilitation, repair, and improvement of property within the
474	preserve.
475	(e)  Upon assuming management of the preserve, the
476	corporation may develop programs and activities related to the
477	management of the preserve and may negotiate directly with and
478	enter into such agreements, leases, contracts, and other
479	arrangements with any person, firm, association, organization,
480	corporation, or governmental entity, including entities of
481	federal, state, and local governments, as are necessary and
482	appropriate to carry out its authorized activities or fulfill
483	the purposes of this section. The corporation shall establish
484	procedures for entering into lease agreements and other
485	agreements for the use and occupancy of the facilities of the
486	preserve. The procedures must ensure reasonable competition and
487	set guidelines for determining reasonable fees, terms, and
488	conditions for such agreements.
489	(8)  The corporation may not dispose of any real property
490	in the preserve, may not enter into any contract, lease, or
491	other agreement related to the use of ground or surface waters
492	on or through property titled in the name of the state without
493	the consent of the Board of Trustees of the Internal Improvement
494	Trust Fund, and must obtain any permits that are required by the
495	Department of Environmental Protection and the appropriate water
496	management district under chapters 373 and 403. The corporation
497	may not convey any easements, and may not enter into any
498	contract, lease, or other agreement related to the use and
499	occupancy of the property within the preserve, for a period of
500	greater than 10 years. Any easements to be conveyed for the use
501	of, access to, or ingress and egress across state property
502	within the preserve must be executed by the Board of Trustees of
503	the Internal Improvement Trust Fund as the owners of the state
504	property within the preserve.
505	(9)  State laws and rules governing the procurement of
506	commodities and services by state agencies as provided in s.
507	287.057 apply to the corporation.
508	(10)  Upon assuming management of the preserve, the
509	corporation may assess reasonable fees for admission to, use of,
510	and occupancy of the preserve in order to offset the costs of
511	operating the preserve as a working ranch. These fees are
512	independent of fees assessed by the commission for the privilege
513	of hunting, fishing, or pursuing outdoor recreational activities
514	within the preserve and shall be deposited into the operating
515	fund established by the corporation under the authority provided
516	in this section.
517	(11)  Upon dissolution of the corporation for any reason,
518	the management responsibilities provided in this section shall
519	revert to the managing agencies designated in the Babcock Ranch
520	Florida Forever Act.
521	(12)  Babcock Ranch, Inc., and its officers and employees
522	shall participate in the management of the Babcock Ranch
523	Preserve in an advisory capacity only until the management
524	agreement executed by Babcock Ranch Management LLC and the Board
525	of Trustees of the Internal Improvement Trust Fund, the Fish and
526	Wildlife Conservation Commission, the Department of Agriculture
527	and Consumer Services, and Lee County is terminated or expires.
528	(13)  On or before the date on which title to the Babcock
529	Ranch Florida Forever Acquisition is vested in the Board of
530	Trustees of the Internal Improvement Trust Fund, Babcock Ranch
531	Management LLC shall provide the commission and the department
532	with the management plan and business plan in place for the
533	operation of the ranch as of November 22, 2005, the date on
534	which the board of trustees approved the acquisition.
535	Section 2.  This act shall take effect July 1, 2006.

CODING: Words stricken are deletions; words underlined are additions.