This bill establishes a new requirement for school districts in Florida to maintain and report an inventory of unimproved real property they own. Under the newly created section 1013.041 of the Florida Statutes, each school district must submit an annual inventory to the Department of Education by June 30, detailing specific information about each parcel of unimproved land, including its identification number, acreage, location, acquisition date, purchase price, intended use, and fair market value. The Department of Education is tasked with compiling these inventories into a statewide report that includes total acreage, aggregate fair market value, and a district-by-district breakdown of the properties.

The bill mandates that the Department publish this report online by December 1 each year and distribute copies to the Governor and the Legislature. Additionally, it stipulates that school districts that fail to comply with the reporting requirements may face enforcement actions as outlined in existing law. The act is set to take effect on July 1, 2026.