Florida Senate - 2015 CONFERENCE COMMITTEE AMENDMENT Bill No. SB 2522-A Ì666818NÎ666818 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) 3 4 Delete everything after the enacting clause 5 and insert: 6 Section 1. Section 20.106, Florida Statutes, is created to 7 read: 8 20.106 Land 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. 54 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.