The bill amends section 163.081 of the Florida Statutes to revise the method of collection for non-ad valorem assessments related to financing qualifying improvements to residential property. It allows authorized program administrators to levy these assessments and specifies that they will be collected by the program administrator, rather than under the provisions of section 197.3632. Additionally, the bill removes the stipulation that these assessments are subject to a discount for early payment and eliminates certain notice and adoption requirements previously outlined in section 197.3632.

The changes aim to streamline the process for collecting non-ad valorem assessments, making it easier for program administrators to manage financing for residential improvements. The bill is set to take effect on July 1, 2025.

Statutes affected:
S 446 Filed: 163.081