The bill CS/HB 4043 establishes the Waterlin Stewardship District in Osceola County as a special local government entity designed to facilitate responsible development and resource management in the area. It outlines the district's governance structure, including the establishment of a governing board elected by landowners, which will transition to include members elected by qualified electors as the population grows. The district is granted various powers, including the ability to levy taxes, impose special assessments, and issue bonds to finance community infrastructure and services. The bill emphasizes compliance with existing laws and ensures that the district's operations do not impose financial burdens on local governments without consent.

Additionally, the bill includes detailed legal descriptions of the district's boundaries and provisions for the management of financial obligations, including the issuance of bonds and special assessments. It specifies that the district's financial operations must be transparent and accountable, with requirements for public hearings and disclosures. The legislation aims to enhance local governance, promote sustainable development, and ensure that the district operates within the framework of applicable laws while serving the community's needs effectively. Overall, CS/HB 4043 seeks to create a structured and efficient governance model for the Waterlin Stewardship District.