Florida Senate - 2015             CONFERENCE COMMITTEE AMENDMENT
       Bill No. SB 2522-A
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Floor: AD/CR          .            Floor: C            
             06/19/2015 03:50 PM       .      06/19/2015 06:34 PM       

       The Conference Committee on SB 2522-A recommended the following:
    1         Senate Conference Committee Amendment (with title
    2  amendment)
    4         Delete everything after the enacting clause
    5  and insert:
    6         Section 1. Section 20.106, Florida Statutes, is created to
    7  read:
    8         20.106Land Acquisition Trust Fund.—
    9         (1) The Land Acquisition Trust Fund is created within the
   10  Department of State. The trust fund is established for use as a
   11  depository for funds received from the Land Acquisition Trust
   12  Fund within the Department of Environmental Protection and for
   13  expenditure of such funds for the purposes set forth in s. 28,
   14  Art. X of the State Constitution.
   15         (2) The Department of State must maintain the integrity of
   16  such moneys transferred from the Department of Environmental
   17  Protection. Any transferred moneys available from reversions or
   18  reductions in budget authority shall be transferred back to the
   19  Land Acquisition Trust Fund within the Department of
   20  Environmental Protection within 15 days after such reversion or
   21  reduction and shall be available for future appropriation for
   22  the purposes set forth in s. 28, Art. X of the State
   23  Constitution.
   24         (3) If expenditures from the trust fund will result in
   25  state ownership of land or related property interests, title
   26  shall be vested in the Board of Trustees of the Internal
   27  Improvement Trust Fund as required under chapter 253. Such
   28  acquisition of land or related property interests shall be by
   29  voluntary, negotiated acquisition and, if title is to be vested
   30  in the Board of Trustees of the Internal Improvement Trust Fund,
   31  is subject to the acquisition procedures of s. 253.025.
   32  Acquisition costs include purchase prices and costs and fees
   33  associated with title work, surveys, and appraisals required to
   34  complete an acquisition. The Department of State or its designee
   35  shall manage such lands or related property interests in
   36  accordance with the purposes set forth in s. 28, Art. X of the
   37  State Constitution. Other uses, not contrary to such purposes,
   38  may be authorized.
   39         (4) Moneys in the trust fund may not be invested as
   40  provided in s. 17.61, but shall be retained in the trust fund
   41  for investment with interest appropriated to the General Revenue
   42  Fund as provided in s. 17.57.
   43         (5) In accordance with s. 19(f)(2), Art. III of the State
   44  Constitution, the Land Acquisition Trust Fund within the
   45  Department of State shall, unless terminated sooner, be
   46  terminated on July 1, 2019. Before its scheduled termination,
   47  the trust fund shall be reviewed as provided in s. 215.3206.
   48         Section 2. Except as otherwise expressly provided in this
   49  act and except for this section, which shall take effect upon
   50  this act becoming a law, this act shall take effect July 1,
   51  2015, or, if this act fails to become a law until after that
   52  date, it shall take effect upon becoming a law and operate
   53  retroactively to July 1, 2015.
   55  ================= T I T L E  A M E N D M E N T ================
   56  And the title is amended as follows:
   57         Delete everything before the enacting clause
   58  and insert:
   59                        A bill to be entitled                      
   60         An act relating to trust funds; creating s. 20.106,
   61         F.S.; creating the Land Acquisition Trust Fund within
   62         the Department of State; providing for the purpose of
   63         the trust fund and sources of funds; requiring the
   64         department to maintain the integrity of such funds;
   65         providing for disposition of funds from reversions or
   66         reductions in budget authority from the trust fund;
   67         requiring that title to lands or related property
   68         interests acquired be vested in the Board of Trustees
   69         of the Internal Improvement Trust Fund; requiring the
   70         department or its designee to manage lands or related
   71         property interests in accordance with the purposes set
   72         forth in s. 28, Article X of the State Constitution;
   73         providing a restriction on how funds may be invested;
   74         providing for future review and termination or re
   75         creation of the trust fund; providing for contingent
   76         retroactive operation; providing effective dates.