Florida League of Cities

Land Acquisition Funding (Support)

HB 1377 (Roth) and SB 1816 (Stewart) extend the retirement date of bonds issued to fund the Florida Forever Act from 2040 to 2054. HB 1377 revises the percentage distributions of Land Acquisition Trust Fund (LATF) proceeds and requires the annual appropriation to Florida Forever from the LATF to be a minimum of the lesser of 40% or $350 million. SB 1816 requires the annual appropriation from the LATF to Florida Forever to be $100 million. Both bills also prohibit LATF monies from being used for state agency executive direction and support services. (O'Hara)