The bill amends various sections of Florida Statutes concerning community redevelopment agencies, focusing on their governance and operational structure. It mandates that a governing body must officially declare itself as a community redevelopment agency and allows for the appointment of additional members under certain conditions. The previous requirement for a board of commissioners is repealed, with the governing body itself now serving as the agency. Members will not receive compensation but can be reimbursed for necessary expenses. Existing agencies as of October 1, 2025, are not required to change their structures or bylaws. The bill also imposes restrictions on modifications to community redevelopment plans, prohibiting changes that would expand redevelopment area boundaries or extend the established timeline.

Additionally, the bill prohibits the use of increment revenues for financing concerts, festivals, and similar events, and it revises the termination provisions for community redevelopment agencies to be based on a timeline for completing redevelopment rather than a fixed date. Agencies with outstanding bonds as of October 1, 2025, will remain operational until those bonds mature, with restrictions on extending bond maturity dates. The bill also addresses voting conflicts for commissioners, updates definitions related to community redevelopment agencies, and establishes requirements for public notice before adopting redevelopment plans. The act is set 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