The bill, HB 4031, establishes the "Oviedo Arts and Entertainment District" within 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 operating within this district, enabling the sale of alcoholic beverages for consumption on the premises and permitting patrons to remove open containers from the premises to consume 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 bona fide licensees must adhere to existing statutory requirements and clarifies that the new licenses or modifications are supplementary to any temporary permits already authorized under Florida law. The bill includes numerous insertions that provide exact coordinates and measurements for the property boundaries, ensuring clarity in property ownership and future development plans. The provisions of the bill are set to take effect promptly upon passage.