Florida Senate - 2015                                  SB 2518-A
       
       
        
       By Senator Lee
       
       
       
       
       
       24-00016-15A                                         20152518A__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; amending s. 20.1971,
    3         F.S.; creating the Land Acquisition Trust Fund within
    4         the Agency for Persons with Disabilities; providing
    5         for the purpose of the trust fund and sources of
    6         funds; requiring the agency to maintain the integrity
    7         of such funds; providing for disposition of funds
    8         available from reversions or reductions in budget
    9         authority; requiring that title to lands or related
   10         property interests acquired be vested in the Board of
   11         Trustees of the Internal Improvement Trust Fund;
   12         requiring the agency or its designee to manage the
   13         lands or property interests acquired in accordance
   14         with the purposes set forth in s. 28, Art. X of the
   15         State Constitution; providing a restriction on how
   16         funds may be invested; providing for future review and
   17         termination or re-creation of the trust fund;
   18         providing an effective date.
   19          
   20  Be It Enacted by the Legislature of the State of Florida:
   21  
   22         Section 1. Subsection (6) is added to section 20.1971,
   23  Florida Statutes, to read:
   24         20.1971 Agency for Persons with Disabilities; trust funds.
   25  The following trust funds shall be administered by the Agency
   26  for Persons with Disabilities:
   27         (6) The Land Acquisition Trust Fund.
   28         (a) Funds to be credited to the trust fund shall consist of
   29  funds received from the Land Acquisition Trust Fund within the
   30  Department of Environmental Protection. Funds shall be used for
   31  the purposes set forth in s. 28, Art. X of the State
   32  Constitution.
   33         (b) The Agency for Persons with Disabilities must maintain
   34  integrity of such moneys transferred from the Department of
   35  Environmental Protection. Any transferred moneys available from
   36  reversions or reductions in budget authority shall be
   37  transferred back to the Land Acquisition Trust Fund within the
   38  Department of Environmental Protection within 15 days after such
   39  reversion or reduction and shall be available for future
   40  appropriation for the purposes set forth in s. 28, Art. X of the
   41  State Constitution.
   42         (c) If expenditures from the trust fund will result in
   43  state ownership of land or related property interests, title
   44  shall be vested in the Board of Trustees of the Internal
   45  Improvement Trust Fund as required under chapter 253. Such
   46  acquisition of land or related property interests shall be by
   47  voluntary, negotiated acquisition and, if title is to be vested
   48  in the Board of Trustees of the Internal Improvement Trust Fund,
   49  is subject to the acquisition procedures of s. 253.025.
   50  Acquisition costs shall include purchase prices and costs and
   51  fees associated with title work, surveys, and appraisals
   52  required to complete the acquisition. The Agency for Persons
   53  with Disabilities or its designee shall manage such lands or
   54  related property interests in accordance with the purposes set
   55  forth in s. 28, Art. X of the State Constitution. Other uses,
   56  not contrary to such purposes, may be authorized.
   57         (d) Moneys in the trust fund may not be invested as
   58  provided in s. 17.61, but shall be retained in the trust fund
   59  for investment with interest appropriated to the General Revenue
   60  Fund as provided in s. 17.57.
   61         (e) In accordance with s. 19(f)(2), Art. III of the State
   62  Constitution the Land Acquisition Trust Fund within the Agency
   63  for Persons with Disabilities shall, unless terminated sooner,
   64  be terminated on July 1, 2019. Before its scheduled termination,
   65  the trust fund shall be reviewed as provided under s. 215.3206.
   66         Section 2. This act shall take effect July 1, 2015.