This bill authorizes the transfer of specific real property from the Board of Trustees of the Internal Improvement Trust Fund to the City Council of DeFuniak Springs, Florida. The property, which encompasses approximately 7.1 acres, is described in detail within the bill, including its boundaries and geographical coordinates. The City Council is required to manage and protect the property for recreational, governmental, public safety, and community purposes. Additionally, any sale or disposition of the property by the City Council will result in the property reverting back to the Board of Trustees.

The bill stipulates that the conveyance of the property must occur within 90 days following the effective date of the act. This ensures a timely transfer of ownership and sets clear expectations for the use of the property by the City Council. The act will take effect upon becoming law, facilitating the transition of the property to local governance.