This bill proposes the transfer of approximately 41.1 acres of real property, along with its improvements, from the Board of Trustees of the Internal Improvement Trust Fund to the Village Council of the Village of Tequesta in Martin County. The bill outlines specific requirements for the use, ownership, and potential sale or disposition of the property. The Village Council is mandated to manage the property as a public park and greenspace, focusing on outdoor recreation, education, conservation, and the protection of natural and historical resources.

Additionally, the bill stipulates that the Village of Tequesta will retain ownership of the property and any improvements made, in perpetuity. Should the Village Council decide to sell or dispose of the property, ownership will revert to the Board of Trustees of the Internal Improvement Trust Fund. The conveyance of the property must occur within 60 days of the bill's effective date, which will be either upon becoming law or on June 1, 2026, whichever comes first.