The bill introduces a new section, 177.1115, to the Florida Statutes, which mandates that the appropriate governing body must issue a street and mailing address, along with an individual parcel identification number, within two weeks of the recordation of a plat by the circuit court clerk or other recording officer. This requirement aims to streamline the process of assigning addresses and identification numbers for newly recorded parcels, ensuring that property owners receive necessary information promptly.

Additionally, the bill establishes a penalty for non-compliance; if the governing body fails to issue the required information within the specified two-week timeframe, the building permit fee will be reduced by 10 percent for each business day of delay. The act is set to take effect on July 1, 2025.