The bill amends various sections of Florida Statutes regarding 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 specific conditions. The previous requirement for a board of commissioners is repealed, with the governing body itself serving as the agency.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 amend their structures or bylaws, providing them with some continuity during the transition.

Additionally, the bill imposes restrictions on modifications to community redevelopment plans, prohibiting changes that would expand redevelopment area boundaries or extend plan timelines. It explicitly prohibits the use of increment revenues for financing concerts, festivals, and similar events. The bill also revises termination provisions, establishing that agencies in existence on October 1, 2025, will terminate based on a timeline for completing redevelopment rather than a fixed expiration date. Furthermore, it clarifies that agencies with outstanding bonds will remain active until those bonds mature and restricts the extension of bond maturity dates. Other amendments include changes to voting conflicts for commissioners, public notice requirements for adopting plans, and the designation of community redevelopment boards. 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