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 and limiting participation in the program to structures or buildings on condominium property that are three or more stories high and contain at least two single-family dwellings. It establishes new conditions for condominium associations to apply for hurricane mitigation inspections and grants, requiring a majority vote for participation and compliance with specific inspection requirements. Additionally, the bill specifies that grant funds can only be used for water intrusion mitigation devices or improvements that result in a mitigation credit, discount, or other rate differential.

Furthermore, the bill modifies the approval process for grant applications, changing the requirement from a unanimous vote to at least 75 percent approval from unit owners residing within the structure. It also removes specific funding amounts for certain projects and emphasizes that improvements must be identified in the final hurricane mitigation inspection to qualify for grant funds. The bill mandates that grant funds be awarded only for improvements that enhance hurricane resistance and outlines the types of improvements eligible for funding, including opening protection and roof enhancements. The effective date of the act is upon becoming law.