The bill amends the My Safe Florida Condominium Pilot Program by revising the definition of "condominium" to exclude detached units on individual parcels of land. It limits participation in the program to condominiums that are three stories or more and require that the structure includes at least one residential unit. The approval process for receiving mitigation grants is also modified, now requiring at least 75 percent approval from unit owners who reside within the building, as opposed to a unanimous vote. Additionally, the bill removes specific funding amounts for certain projects and instead allows for grants to be used for a broader range of improvements recommended in hurricane mitigation inspection reports.

Furthermore, the bill outlines the requirements for applying for mitigation grants, including the need for a signed statement from the board president and notarized statements regarding contractors. It establishes that grants must be matched on a $1 to $2 basis from the association to the state, and it specifies that the maximum total grant award per association cannot exceed $175,000. The bill also details the types of improvements eligible for funding, such as opening protection and roof-related enhancements, while ensuring that the improvements comply with current building codes. The act is set to take effect on July 1, 2025.