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 requirement for early payment discounts and certain notice and adoption requirements that were previously mandated, streamlining the process for implementing these assessments.

The changes aim to facilitate the repayment of financing for residential improvements by simplifying the collection process and reducing administrative burdens. The bill is set to take effect on July 1, 2025, providing a clear timeline for the implementation of these new provisions.

Statutes affected:
S 446 Filed: 163.081