This bill authorizes the transfer of specific real property from the Board of Trustees of the Internal Improvement Trust Fund to the Town 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 Town 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 Town 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 of the act's effective date. This ensures a timely transfer of ownership and sets clear expectations for the use of the land. The act will take effect upon becoming law, thereby facilitating the intended transfer and management of the property for the benefit of the Town of DeFuniak Springs.