Title: Land Acquisition Trust Fund/Agency for Persons with Disabilities

Summary: Creating the Land Acquisition Trust Fund within the Agency for Persons with Disabilities; providing for the purpose of the trust fund and sources of funds; requiring that title to lands or related property interests acquired be vested in the Board of Trustees of the Internal Improvement Trust Fund; requiring the agency or its designee to manage the lands or property interests acquired in accordance with the purposes set forth in s. 28, Art. X of the State Constitution; providing for future review and termination or re-creation of the trust fund, etc.

Full Text:
An act relating to trust funds; amending s. 20.1971, F.S.; creating the Land Acquisition Trust Fund within the Agency for Persons with Disabilities; providing for the purpose of the trust fund and sources of funds; requiring the agency to maintain the integrity of such funds; providing for disposition of funds available from reversions or reductions in budget authority; requiring that title to lands or related property interests acquired be vested in the Board of Trustees of the Internal Improvement Trust Fund; requiring the agency or its designee to manage the lands or property interests acquired in accordance with the purposes set forth in s. 28, Art. Xof the State Constitution; providing a restriction on how funds may be invested; providing for future review and termination or re-creation of the trust fund; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsection (6) is added to section 20.1971, Florida Statutes, to read: 20.1971 Agency for Persons with Disabilities; trust funds. The following trust funds shall be administered by the Agency for Persons with Disabilities: (6)  The Land Acquisition Trust Fund.(a) Funds to be credited to the trust fund shall consist of funds received from the Land Acquisition Trust Fund within the Department of Environmental Protection.Funds shall be used for the purposes set forth in s. 28, Art. Xof the State Constitution. (b ) The Agency for Persons with Disabilities must maintain integrity of such moneys transferred from the Department of Environmental Protection. Any transferred moneys available from reversions or reductions in budget authority shall be transferred back to the Land Acquisition Trust Fund within the Department of Environmental Protection within days af ter such reversion or reduction and shall be available for future appropriation for the purposes set forth in s. 28, Art. Xof the State Constitution. (c) If expenditures from the trust fund will result in state ownership of land or related property interests, title shall be vested in the Board of Trustees of the Internal Improvement Trust Fund as required under chapter 253. Such acquisition of land or related property interests shall be by voluntary, negotiated acquisition and, if title is to be vested in the Board of Trustees of the Internal Improvement Trust Fund, is subject to the acquisition procedures of s. 253.025. Acquisition costs shall include purchase prices and costs and fees associated with title work, surveys, and appraisals required to complete the acquisition. The Agency for Persons with Disabilities or its designee shall manage such lands or related property interests in accordance with the purposes set forth in s. 28, Art. Xof the State Constitution. Other uses, not contrary to such purposes, may be authorized. (d) Moneys in the trust fund may not be invested as provided in s. 17.61, but shall be retained in the trust fund for investment with interest appropriated to the General Revenue Fund as provided in s. 17.57. (e ) In accordance with s. 19(f)(2), Art. III of the State Constitution the Land Acquisition Trust Fund within the Agency for Persons with Disabilities shall, unless terminated sooner, be terminated on July 1, 2019. Before its scheduled termination, the trust fund shall be reviewed as provided under s. 215.3206. Section 2. This act shall take effect July 1, 2015.