STATE-OWNED TANGIBLE PERSONAL PROPERTY

F.S. Ch. 273
in effect

F.S. 273.01 Definitions.

The following words as used in this act have the meanings set forth in the below subsections, unless a different meaning is required by the context. (1) “Custodian” means any elected or appointed state officer, board, commission, or authority, and any other person or agency entitled to lawful custody of property owned by the state. (2) “Property” means all tangible personal property owned by the state. (3) “Private nonprofit agency” means a nonprofit charitable organization, no part of the net earnings of which inures or may lawfully inure to the benefit of any private shareholder or individual, which has been held to be tax-exempt under the provisions of s. 501 of the Internal Revenue Code of 1954, and which has as its principal mission: (a) Public health and welfare; (b) Education; (c) Environmental restoration and conservation; (d) Civil and human rights; or (e) The relief of human suffering and poverty.

F.S. 273.02 Record and inventory of certain property.

The word “property” as used in this section means equipment, fixtures, and other tangible personal property of a nonconsumable and nonexpendable nature. The Chief Financial Officer shall establish by rule the requirements for the recording of property in the state’s financial systems and for the periodic review of property for inventory purposes.

F.S. 273.03 Property supervision and control.

The custodian shall be primarily responsible for the supervision, control, and disposition of the property in his or her custody but may delegate its use and immediate control to a person under his or her supervision and may require custody receipts.

F.S. 273.04 Property acquisition.

Whenever acquiring property, the custodian may pay the purchase price in full or may exchange property with the seller as a trade-in. If, whenever acquiring property, the custodian may best serve the interests of the state by outright sale of property rather than by exchange as a trade-in, the custodian may make the sale in the manner prescribed in this act for the disposal of surplus property.

F.S. 273.05 Surplus property.

(1) The custodian may classify as surplus any property in his or her custody that is obsolete or the continued use of which is uneconomical or inefficient or which serves no useful function as to any activity or location under his or her supervision. (2) Each custodian shall appoint one or more review boards to examine and make recommendations on approval or disapproval of classification of property as surplus. (3) Property determined to be surplus shall be certified as such by the custodian. (4) Each custodian shall promulgate rules or guidelines regarding the certification of surplus property. (5) The custodian shall maintain records of property that is certified as surplus with information indicating the value and condition of the property. Agency records for property certified as surplus shall comply with rules issued by the Chief Financial Officer.

F.S. 273.09 Penalty.

Any custodian who violates any provision of this chapter or any rule prescribed pursuant to its authority shall be guilty of a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083.

F.S. 273.10 Repeal.

This act shall not repeal existing law relating to property but shall be interpreted to be supplementary in nature and shall be applicable to the extent that existing law is not in conflict.

F.S. 273.025 Financial reporting for recorded property.

The Chief Financial Officer shall establish by rule the requirements for the capitalization of property that has been recorded in the state’s financial systems.

F.S. 273.055 Disposition of state-owned tangible personal property.

(1) Certified surplus property shall not be sold, transferred, cannibalized, scrapped, warehoused, or destroyed without prior written authority from the custodian. (2) Custodians shall maintain records to identify each property item as to disposition. Such records shall comply with rules issued by the Chief Financial Officer. (3) Custodians may dispose of property certified as surplus by: (a) Selling or transferring the property to any other governmental entity; (b) Selling or donating the property to any private nonprofit agency; (c) Selling the property through a sale open to the public; or (d) Entering into contractual agreements with other entities, including, but not limited to, other governmental agencies or private vendors, which facilitate the final disposition of the property. Such agreements may include, but are not limited to, the leasing of storage space or arrangements for the disposal of scrap property. (4) Each custodian shall adopt guidelines or administrative rules and regulations pursuant to chapter 120 providing for, but not limited to, transferring, warehousing, bidding, destroying, scrapping, or other disposing of state-owned tangible personal property. However, the approval of the Department of Management Services is required prior to the disposal of motor vehicles, watercraft, or aircraft pursuant to ss. 287.15 and 287.16. (5) All moneys received from the disposition of state-owned tangible personal property or from any agreement entered into under this chapter must be retained by the custodian and may be disbursed for the acquisition of exchange and surplus property and for all necessary operating expenditures. The custodian shall maintain records of the accounts into which the money is deposited.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter273/AllFetched: 7/8/2026