This bill provides for the financial relief of Max Giannikos, who sustained severe injuries due to the negligence of the City of Clearwater. The bill authorizes the City to appropriate $16,037,182.50, plus interest at a rate of 9.46 percent annually, to compensate Giannikos for his injuries. The preamble of the bill outlines the circumstances of the incident, including the malfunctioning pedestrian signals at the intersection where Giannikos was struck by a vehicle, leading to catastrophic injuries. The bill also acknowledges the jury's findings regarding the negligence of the City and the resulting damages awarded to Giannikos.

Additionally, the bill stipulates that the compensation provided under this act is intended to cover all present and future claims related to the incident. It sets a limitation on attorney fees, stating that the total amount paid for such fees cannot exceed 25 percent of the total amount awarded. The act will take effect upon becoming law, ensuring that Giannikos receives the necessary financial support for his ongoing medical needs and recovery.