The bill establishes the Coastal Link Commuter Rail Service in Florida, introducing new sections 343.711 and 343.712. It authorizes state agencies to protect and indemnify entities such as Brightline and the Florida East Coast Railway (FECR) from liabilities associated with commuter rail services. Key definitions are provided, including "coastal link corridor" and "commuter rail service," while also outlining risk allocation parameters, including a self-insurance retention amount of $5 million and a cap on indemnification obligations at $323 million per occurrence for claims by rail passengers. The bill clarifies liability allocation among operators and agencies, particularly in incidents involving different train operators.

Additionally, the legislation includes amendments regarding liability and insurance for agencies within the coastal link corridor, allowing for the allocation of liability for claims, including punitive damages, with prior legislative approval. It specifies that employees of operators are not considered coastal link corridor invitees when traveling for business purposes. The bill permits agencies to purchase liability insurance up to $323 million per occurrence and to create a self-insurance retention fund. Importantly, it maintains that establishing insurance or self-insurance does not waive sovereign immunity for tort claims and does not increase existing liability limits. The provisions are set to take effect on July 1, 2025.