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Florida Administrative Code (Last Updated: November 11, 2024) |
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18. Board of Trustees of The Internal Improvement Trust Fund |
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D18. Departmental |
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18-1. State Land Acquisition Procedures (Formerly 16q-3) |
1(1) The final negotiated purchase shall be placed in the form of a written purchase instrument signed by the owner and, if applicable, the acquiring agency. Option agreements entered into prior to approval of the appraisals must be signed on behalf of the Board by the Secretary or the Director.
51(2) When an acquiring agency is negotiating the acquisition and obtaining the owner’s signature on a purchase instrument, the acquiring agency shall use a form of purchase instrument approved by the Director as meeting the intent of the law and this rule.
93(3) Before the purchase instrument is submitted to the Board for approval, the provisions of Section 109286.23, F.S., 111shall be complied with.
115(4) A purchase instrument approved by the Board shall be binding on all parties.
129Rulemaking Authority 131253.025(12), 132259.041 FS. 134Law Implemented 136253.025, 137259.041 FS. 139History–New 6-16-86, Amended 4-14-08.
