House Bill 4031 establishes the "Oviedo Arts and Entertainment District" within the City of Oviedo, Seminole County, defining its geographic boundaries through detailed legal descriptions that include specific coordinates and measurements. The bill 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 design and specifications of these open containers will be determined by the Oviedo City Council.

The bill emphasizes that these special licenses are in addition to any temporary permits already authorized under Florida Statutes, and all licensees must adhere to existing statutory requirements. The effective date of the bill ensures that the new regulations can be implemented promptly, aiming to enhance the local economy and cultural landscape through the promotion of arts and entertainment activities within the designated area.