The bill, HB 4031, establishes the "Oviedo Arts and Entertainment District" in the City of Oviedo, Seminole County, and delineates its geographical boundaries with precise legal descriptions. It allows the Division of Alcoholic Beverages and Tobacco to issue special licenses or modify existing licenses for bona fide licensees within this district, enabling the sale of alcoholic beverages for consumption on the premises and permitting patrons to remove open containers to be consumed within the district. The specific design and color of these open containers will be determined by the Oviedo City Council.

Additionally, the bill mandates that all licensees must comply with existing statutory requirements, ensuring that the new provisions do not exempt them from The Beverage Law. The bill does not contain any deletions from current law, focusing solely on the establishment of new legal frameworks for the district. It is set to take effect upon passage, providing clarity and structure for the operation of businesses within the newly designated area.