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 establishes new requirements for condominium associations to apply for hurricane mitigation inspections and grants, stipulating that the property must be designated as common elements and that the association must comply with specific inspection requirements. Additionally, the bill modifies the approval process for grants, changing the requirement from a unanimous vote to a 75% approval from unit owners residing in the building for projects that improve individual units.

Furthermore, the bill removes specific funding amounts for certain projects and instead requires that all grants be matched at a rate of $1 from the association for every $2 from the state. It also mandates that improvements eligible for grant funding must be identified in the final hurricane mitigation inspection report. The bill outlines the types of improvements that can be funded, including opening protection and roof improvements, and specifies that grants cannot be used for previously installed improvements or to cover insurance deductibles. The act is set to take effect upon becoming law.