This bill amends section 163.081 of the Florida Statutes, which pertains to financing qualifying improvements to residential property. The key change involves the method of collection for non-ad valorem assessments levied by authorized program administrators. The bill specifies that these assessments will be collected by the authorized program administrator and clarifies that they will not be subject to discounts for early payment. Additionally, it removes certain notice and adoption requirements previously outlined in the statute, allowing for a streamlined process in conjunction with other non-ad valorem assessments.

The bill also stipulates that the program administrator can only compensate the tax collector for the actual costs incurred in collecting these assessments, with a cap of 2 percent of the total amount collected. This legislative change is set to take effect on July 1, 2025, aiming to enhance the efficiency of financing improvements to residential properties while ensuring that the collection process is clear and straightforward.

Statutes affected:
S 446 Filed: 163.081