The proposed bill establishes a framework for property owners to seek compensation for damages caused by limestone mining operations in Florida. It creates several new sections in the Florida Statutes, including definitions of key terms such as "claimant," "ground vibrations," and "property damage." Property owners within a three-mile radius of limestone mining operations who have experienced damage due to ground vibrations can file a claim for compensation. The claims must be supported by evidence of property ownership, damage, and a link to the mining operations, and must be filed within two years of discovering the damage.

The bill also outlines the adjudication process for these claims, which will be handled by the Division of Administrative Hearings. The division will conduct hearings to assess the validity of claims, allowing for the presentation of evidence, including expert testimony and vibration monitoring data. If a claim is upheld, the state is required to compensate the claimant for repair costs based on market rates, with funding appropriated annually by the legislature specifically for this purpose. The act is set to take effect upon becoming law.