The bill amends various sections of Florida Statutes concerning community redevelopment agencies, focusing on their governance and operational structure. It requires governing bodies to officially declare themselves as community redevelopment agencies and allows for the appointment of additional members under specific conditions. The previous requirement for a board of commissioners is repealed, establishing that the governing body will serve as the agency itself, with defined terms and responsibilities for its members. Importantly, existing agencies as of October 1, 2025, are not mandated to change their structures or bylaws.

Additionally, the bill imposes restrictions on modifications to community redevelopment plans, specifically prohibiting changes that would expand redevelopment area boundaries or extend established timelines. It revises the authorized activities of these agencies, including a prohibition on using increment revenues for events like concerts and festivals. The bill also sets a new termination timeline for agencies, clarifying that those with outstanding bonds as of October 1, 2025, will remain active until bond maturity, while restricting the extension of bond maturity dates. Other amendments address voting conflicts for commissioners, public notice requirements for adopting plans, and the process for property disposal in redevelopment areas. The act is scheduled to take effect on July 1, 2025.

Statutes affected:
S 1242 Filed: 163.3755
S 1242 c1: 163.357, 163.370, 163.3755, 112.3143, 163.340, 163.346, 163.360, 163.367, 163.380, 163.512