Florida Senate - 2015 CONFERENCE COMMITTEE AMENDMENT Bill No. SB 2520-A Ì205190~Î205190 LEGISLATIVE ACTION Senate . House . . . Floor: AD/CR . Floor: C 06/19/2015 03:50 PM . 06/19/2015 06:32 PM ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Conference Committee on SB 2520-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 20.142, Florida Statutes, is created to 7 read: 8 20.142 Land Acquisition Trust Fund.— 9 (1) The Land Acquisition Trust Fund is created within the 10 Department of Agriculture and Consumer Services. The trust fund 11 is established for use as a depository for funds received from 12 the Land Acquisition Trust Fund within the Department of 13 Environmental Protection and for expenditure of such funds for 14 the purposes set forth in s. 28, Art. X of the State 15 Constitution. 16 (2) The Department of Agriculture and Consumer Services 17 must maintain the integrity of such moneys transferred from the 18 Department of Environmental Protection. Any transferred moneys 19 available from reversions or reductions in budget authority 20 shall be transferred back to the Land Acquisition Trust Fund 21 within the Department of Environmental Protection within 15 days 22 after such reversion or reduction and shall be available for 23 future appropriation for the purposes set forth in s. 28, Art. X 24 of the State Constitution. 25 (3) If expenditures from the trust fund will result in 26 state ownership of land or related property interests, title 27 shall be vested in the Board of Trustees of the Internal 28 Improvement Trust Fund as required under chapter 253. Such 29 acquisition of land or related property interests shall be by 30 voluntary, negotiated acquisition and, if title is to be vested 31 in the Board of Trustees of the Internal Improvement Trust Fund, 32 is subject to the acquisition procedures of s. 253.025. 33 Acquisition costs shall include purchase prices and costs and 34 fees associated with title work, surveys, and appraisals 35 required to complete an acquisition. The Department of 36 Agriculture and Consumer Services or its designee shall manage 37 such lands or related property interests in accordance with the 38 purposes set forth in s. 28, Art. X of the State Constitution. 39 Other uses, not contrary to such purposes, may be authorized. 40 (4) Moneys in the trust fund may not be invested as 41 provided in s. 17.61, but shall be retained in the trust fund 42 for investment with interest appropriated to the General Revenue 43 Fund as provided in s. 17.57. 44 (5) In accordance with s. 19(f)(2), Art. III of the State 45 Constitution, the Land Acquisition Trust Fund within the 46 Department of Agriculture and Consumer Services shall, unless 47 terminated sooner, be terminated on July 1, 2019. Before its 48 scheduled termination, the trust fund shall be reviewed as 49 provided in s. 215.3206. 50 Section 2. Except as otherwise expressly provided in this 51 act and except for this section, which shall take effect upon 52 this act becoming a law, this act shall take effect July 1, 53 2015, or, if this act fails to become a law until after that 54 date, it shall take effect upon becoming a law and operate 55 retroactively to July 1, 2015. 56 57 ================= T I T L E A M E N D M E N T ================ 58 And the title is amended as follows: 59 Delete everything before the enacting clause 60 and insert: 61 A bill to be entitled 62 An act relating to trust funds; creating s. 20.142, 63 F.S.; creating the Land Acquisition Trust Fund within 64 the Department of Agriculture and Consumer Services; 65 providing for the purpose of the trust fund and 66 sources of funds; requiring the department to maintain 67 the integrity of such funds; providing for disposition 68 of funds from reversions or reductions in budget 69 authority from the trust fund; requiring that title to 70 lands or related property interests acquired be vested 71 in the Board of Trustees of the Internal Improvement 72 Trust Fund; requiring the department or its designee 73 to manage lands or related property interests acquired 74 in accordance with the purposes set forth in s. 28, 75 Article X of the State Constitution; providing a 76 restriction on how funds may be invested; providing 77 for future review and termination or re-creation of 78 the trust fund; providing for contingent retroactive 79 operation; providing effective dates.