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SB 2522-A — Land Acquisition Trust Fund/Department of State

by Senator Lee

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Appropriations Committee (AP)

The bill:

  • Creates the Land Acquisition Trust Fund (LATF) within the Department of State (DOS).
  • Establishes the trust fund as a depository for funds received from the LATF within the Department of Environmental Protection (DEP).
  • Requires that expenditures from the fund are for the purposes specified in Art. X, s. 28, State Constitution.

If approved by the Governor, these provisions are effective on July 1, 2015.

Vote: Senate 37-0; House 113-0