The bill CS/HB 4043 establishes the Waterlin Stewardship District in Osceola County, creating a framework for its governance, jurisdiction, and operational procedures. It outlines the district's powers, including the ability to plan, finance, and provide community infrastructure and services, as well as the authority to issue bonds and levy taxes or assessments to fund these initiatives. The bill emphasizes the importance of compliance with existing laws regarding independent special districts and clarifies that the district will not have comprehensive planning or zoning powers, ensuring local government regulations remain in effect. Key provisions include the establishment of a governing board with defined membership criteria, a transition of control from landowners to resident electors, and the appointment of a district manager.

Additionally, the bill introduces several new provisions aimed at enhancing the operational capabilities of the district, such as the authority to provide various facilities and services, including outdoor recreational and educational uses, and to enter into agreements for impact fees. It specifies the financial mechanisms for the district, including the issuance of bonds and the collection of special assessments, while ensuring accountability and transparency in its operations. The bill also mandates that any initial sale contracts for real estate within the district include a disclosure statement regarding potential taxes and assessments imposed by the district, reinforcing the importance of informing property owners about their financial obligations. Overall, the legislation aims to facilitate responsible development and enhance economic opportunities while promoting environmental stewardship in the region.