Fla. Admin. Code Ann. R. 62-819.003 - General Information
(1) This rule
chapter shall govern the activities for Acquisition of real property using
proceeds from the Florida Forever Trust Fund, when title to such real property
vests in the Recipient or the Board of Trustees.
(2) The disbursement of Florida Forever Funds
from the Trust shall be subject to the following conditions: The administration
and use of any funds received by the Trust from the Florida Forever Trust Fund
shall be subject to such terms and conditions imposed thereon by the agency of
the state responsible for the revenue bonds, the proceeds of which are
deposited in the Florida Forever Trust Fund, including restrictions imposed to
ensure that the interest on any such revenue bonds issued by the state as
tax-exempt revenue bonds will not be included in the gross income of the
holders of such bonds for federal income tax purposes.
(3) The Recipient shall designate an employee
or officer who shall serve as the key contact for the exchange of information
regarding the Acquisition activities and who shall be responsible for ensuring
compliance with the provisions of all applicable statutes, the Grant Contract,
rules of the Trust and any local land acquisition ordinances that may
apply.
(4) Funds awarded through
any program of the Trust that derive from the Florida Forever Trust Fund may
only be used to pay the eligible Project Costs associated with Voluntarily
Negotiated Transactions.
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