The bill establishes the Florida Flood Hub for Applied Research and Innovation within the University of South Florida, replacing its previous designation within the College of Marine Science. The hub is tasked with developing design guidelines and standards for integrating green and gray infrastructure to enhance coastal resilience against sea level rise and storm surges. Additionally, the hub will model the effects of these infrastructures on flood risk reduction and socioeconomic benefits. An executive director will be appointed to lead the hub, ensuring coordination among academic institutions and private partners.
Furthermore, the bill creates a new section requiring the Department of Environmental Protection to adopt rules for nature-based methods aimed at improving coastal resilience. These rules will address significant erosion, promote local government participation in restoration programs, and encourage the use of green infrastructure. The department is also mandated to conduct a statewide feasibility study on the value of these methods for reducing flood risks and improving insurance ratings, with a report due by July 1, 2026. The bill appropriates $250,000 for the feasibility study from the Resilient Florida Trust Fund, and it is set to take effect on July 1, 2025.