Transfers assets and liabilities from University of South Florida Sarasota/Manatee to New College of Florida.

This bill mandates the transfer of specific assets and liabilities from the University of South Florida Sarasota/Manatee campus to New College of Florida by July 1, 2026. The transfer includes academic, administrative, and residential buildings, furnishings, intellectual property, and other non-permanent assets. New College of Florida must honor existing leases and contracts until August 15, 2027. The bill also outlines immunity from liability for trustees and officers of both institutions regarding the transfers.

Transfers assets and liabilities from University of South Florida Sarasota/Manatee to New College of Florida.

This bill mandates the transfer of specific assets and liabilities from the University of South Florida Sarasota/Manatee campus to New College of Florida by July 1, 2026. The transfer includes academic, administrative, and residential buildings, furnishings, intellectual property, and other non-permanent assets. New College of Florida must honor existing leases and contracts until August 15, 2027. The bill also outlines immunity from liability for trustees and officers of both institutions regarding the transfers.